SBA Disaster Loans for Indiana Businesses Affected by Excessive Moisture

SBA Newsroom

Published March 20th, 2026

Detected March 24th, 2026

Summary

The U.S. Small Business Administration (SBA) announced the availability of low-interest federal disaster loans for small businesses and private nonprofit organizations in Indiana that sustained economic losses due to excessive moisture from April 1 to December 31, 2025. The loans are part of the Economic Injury Disaster Loan (EIDL) program and are available to cover working capital needs.

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What changed

The U.S. Small Business Administration (SBA) has issued a disaster declaration making low-interest Economic Injury Disaster Loans (EIDLs) available to small businesses and private nonprofit organizations in Indiana and two Kentucky counties that experienced economic losses due to excessive moisture between April 1 and December 31, 2025. The declaration specifically covers Clark, Jefferson, Jennings, Ripley, Scott, and Switzerland counties in Indiana, and Carroll and Trimble counties in Kentucky. These EIDLs can be used for working capital to cover fixed debts, payroll, and other essential operating expenses, even if no physical damage occurred.

Eligible entities can apply for loans up to $2 million with interest rates as low as 4% for small businesses and 3.625% for nonprofits, with repayment terms up to 30 years. Payments are deferred for 12 months from the first disbursement. The application deadline for economic injury is November 12, 2026. Businesses can apply online at sba.gov/disaster or contact the SBA Customer Service Center for assistance.

What to do next

Review eligibility criteria for SBA EIDL program based on excessive moisture event from April 1 - Dec 31, 2025.
Submit EIDL applications by November 12, 2026, if economic losses were incurred.
Contact SBA Customer Service at (800) 659-2955 for application assistance.

Source document (simplified)

Disaster news release
IN-20018-01

SBA Offers Disaster Relief to Indiana Small Businesses and Private Nonprofits Affected by Excessive Moisture

Low interest disaster loans now available Published on

March 20, 2026

by Office of Disaster Recovery & Resilience WASHINGTON — The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Indiana who sustained economic losses caused by excessive moisture occurring April 1 – Dec. 31, 2025.

The disaster declaration covers the Indiana counties of Clark, Jefferson, Jennings, Ripley, Scott and Switzerland as well as the Kentucky counties of Carroll and Trimble.

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

EIDLs are available for working capital needs caused by the disaster and are available even if the small 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.

“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% 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 Nov. 12.

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, 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