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Deadline Nears for Small Businesses Affected by April 2013 flooding to Apply for SBA Loans

Small businesses and certain non-profit organizations in 18 Indiana counties, including Knox and Sullivan Counties, are reminded that February 10th is the filing deadline for Economic Injury Disaster Loans from the U.S. Small Business Administration

The SBA declared businesses and non-profits in these counties eligible for assistance because of storms and flooding from April 17th to the 23rd of last year.

Economic Injury Disaster Loans up to $2 million are available at 3 percent interest for private non-profit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years.