The U.S. Small Business Administration (SBA) has issued a notice about an administrative disaster declaration for the State of Indiana due to severe storms and tornadoes. This declaration took effect on April 22, 2025, covering incidents that began on March 19, 2025. Affected residents in certain counties can apply for disaster assistance loans through the SBA's online portal, with deadlines for physical damage loans set for June 23, 2025, and economic injury loans for January 22, 2026. Additionally, certain areas in Illinois and Indiana are eligible for economic injury loan declarations.
Simple Explanation
The U.S. Small Business Administration is helping people in Indiana because big storms and tornadoes caused lots of damage. People who got hurt by the storms can ask for money to fix things, and they have until June or next January to ask for help.