FARMERSBURG, Ind. (WTWO/WAWV) — Folks who experienced damage from the severe storms of August 7 can now apply for low-interest disaster loans from the U.S. Small Business Association.
The SBA announced a disaster loan outreach center will be opening on Friday. Allowing both businesses and private residents located in Martin, Dubois, Orange, Crawford, Lawrence, and Washington counties who experienced storm damage to apply for low-interest loans.
Homeowners are able to receive up to $500,000 to repair or replace disaster-damaged or destroyed real estate. Both homeowners and renters can access loans of up to $100,000 to repair or replace disaster-damaged or destroyed personal property as well.
For Businesses and private nonprofit organizations of any size, $2,000,000 is available to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory and other business assets.
Physical damage applications must be submitted by October 30, 2023. While economic injury loans can be applied for until May 30, 2024.
The SBA’s outreach center will be located at the Orange County Community Center, located at 1075 Sandy Hook Road, Suite 2, in Paoli. The center will be open Monday through Friday from 9 a.m. until 6 p.m., Saturdays from 10 a.m. until 2 p.m., and will be closed on Sundays.
The center will also be closed for the Labor Day holiday on Monday, Sept. 4.