10/19/2026
PRESS RELEASE - SBA Assistance Available for June Storm Damage
The U.S. Small Business Administration (SBA) has announced the availability of low-interest federal disaster loans for Marshall County businesses, private nonprofits, and residents affected by severe storms from June 6-26.
Marshall County saw three tornadoes on June 11 and widespread severe wind damage on the 10th and 11th. The SBA issued this disaster declaration in response to an October 9 request from Governor Mike Braun.
Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.
Businesses and private nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.
Interest rates are as low as 4% for businesses, 3.625% for private nonprofits, and 3% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA determines eligibility and sets loan amounts and terms based on each applicant’s financial condition.
The filing deadline to return applications for physical property damage is December 8. The deadline to return economic injury applications is July 9, 2027.
SBA customer service representatives will be on hand at our nearest Disaster Loan Outreach Center in Elkhart County. The location is at the Elkhart County EMA building, located at 26861 County Rd 26, Bldg D. It will be open from Monday-Friday between 8 AM and 5 PM through October 30. Additional hours are available from 9 AM to 1 PM on Saturday, October 24th.
To apply online, visit sba.gov/disaster. Applicants may also call the National Support Network Center at (866) SBA-HELP or email [email protected] for more information on SBA disaster assistance.
At this time, there is no financial assistance from the Federal Emergency Management Agency (FEMA) or the State Disaster Relief Fund (SDRF) available for the June 11 tornado event.
- Jack Garner, EMA Director, Marshall County