SBA Disaster Loans for Indiana Businesses

SBA Newsroom

Published March 17th, 2026

Detected March 19th, 2026

Summary

The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit organizations in Indiana that the deadline to apply for low-interest federal disaster loans is April 20, 2026. These Economic Injury Disaster Loans (EIDLs) are available to offset economic losses caused by severe storms and flooding that occurred in June-July 2025.

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What changed

The U.S. Small Business Administration (SBA) has issued a reminder regarding the availability of Economic Injury Disaster Loans (EIDLs) for small businesses and private nonprofit organizations in Indiana affected by severe storms and flooding from June 28 – July 2, 2025. The disaster declaration covers specific counties in Indiana, and the application deadline for these low-interest loans is April 20, 2026. EIDLs can be used for working capital needs to cover fixed debts, payroll, and other essential bills impacted by the disaster, with loan amounts up to $2 million and terms up to 30 years.

Affected businesses and nonprofits in Daviess, Dubois, Greene, Knox, Martin, and Pike counties must submit their applications by April 20, 2026, although a 60-day grace period will be accepted after the deadline. Interested parties can apply online via sba.gov/disaster or contact the SBA Customer Service Center for assistance. Failure to apply by the deadline may result in the loss of access to these recovery funds.

What to do next

Submit EIDL applications by April 20, 2026
Contact SBA Customer Service for application assistance if needed

Source document (simplified)

Disaster news release
IN-20012-04

SBA Relief Still Available to Indiana Small Businesses and Private Nonprofits

Deadline to apply for economic injury loans approaching! Published on

March 17, 2026

by Office of Disaster Recovery & Resilience WASHINGTON — The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Indiana of the April 20 deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storms and flooding occurring June 28 – July 2, 2025.

The disaster declaration covers the Indiana counties of Daviess, Dubois, Greene, Knox, Martin and Pike.

Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

"SBA loans help eligible small businesses cover operating expenses after a disaster, which is crucial for their recovery," said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. "These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster."

The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.652% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

The deadline to return economic injury applications is April 20. However, after the deadline has passed, there is a 60-day grace period in which SBA will accept applications.

About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

Related programs: Disaster