NORTH VERNON, Ind. — Representatives from the U.S. Small Business Administration (SBA) Office of Disaster Assistance have established local operations to assist Jennings County residents and business owners recovering from recent disaster damage.
The agency has opened an application center at the Emergency Management Agency office in neighboring Jefferson County.
The SBA program offers low-interest fixed-rate loans up to $2 million for businesses affected by physical damage or economic injury, up to $500,000 for homeowners, and up to $100,000 for renters.
Loans feature fixed interest rates as low as 2.875% with no payments or interest accrued for the first 12 months.
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