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Darke County residents, businesses eligible for SBA loans to cover flood damage

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Loans up to $200,000 are available to homeowners, $40,000 for renters

Darke County homeowners, renters and businesses who were suffered real estate damage as a result of the severe storms, tornadoes and flooding in June and July are now eligible for a low-interest loan from the Small Business Administration to cover the cost of repairs. 

Disaster loans up to $200,000 are available to homeowners to repair or replace real estate that was damaged or destroyed in the disaster. Homeowners and renters are eligible for up to $40,000 to repair or replace personal property that was damaged or destroyed in the disaster. 

Businesses and private non-profit organizations of any size may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory and other business assets. 

Applications are being accepted for low-interest loans through the U.S. Small Business Administration or online at https://disasterloan.sba.gov/ela/.  

SBA's Customer Service Center can be reached at 800-659-2955 (800-877-8339 for people with speech or hearing disabilities), Monday through Friday from 8:00 a.m.-6:00 p.m. or by sending an e-mail to disastercustomerservice@sba.gov

Those suffering damage to personal or business property must return applications by Oct. 19. The deadline to return economic injury applications—which include, for example, payroll, working capital and other business financial commitments—is May 18, 2016.

The loans are being made available through a federal declaration with the State of Indiana and certain bordering counties, which includes Darke County.