Congresswoman Susan W. Brooks

Representing the 5th District of Indiana
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Small Business Information

U.S. Small Business Adminstration COVID-19 Info

The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed.

The deadline for small businesses to apply for PPP has been extended through Aug. 8

  • Eligible businesses: All businesses, including non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors, with 500 or fewer employees, or no greater than the number of employees set by the SBA as the size standard for certain industries
  • Maximum loan amount up to $10 million
  • Loan forgiveness if proceeds used for payroll costs and other designated business operating expenses in the 8 weeks following the date of loan origination (due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs)
  • All loans under this program will have the following identical features:
    • Interest rate of 0.5%
    • Maturity of 2 years
    • First payment deferred for six months
    • 100% guarantee by SBA
    • No collateral
    • No personal guarantees
    • No borrower or lender fees payable to SB

Prospective borrowers can still find a lender to help them apply for PPP here or they can use the Lender Match portal.  Details about the program, as well as the forgiveness application process can be found on the PPP page. Now, let’s talk a little bit about the positive impact PPP has had on Indiana small businesses.

As of the latest numbers released June 30, SBA has approved 79,151 loans for Indiana small biz borrowers for a net dollar amount of $9,485,147,788.  You can find the latest PPP approval report here, or check out the attachment titled PPP Approvals through 6-30.

With that said, the SBA, in consultation with the Treasury Department has released more detiled data regarding loans made under PPP.  You can read the press release here.  There are two reports—one for PPP loans approved for over $150,000, and the other for loans approved under $150,000.  For loans  approved over $150,000 data includes:

  • Busness names
  • Addresses
  • NAICS codes
  • Zip codes
  • Business types
  • Demographic data
  • Non-profit information
  • Name of lender
  • Jobs supported
  • $$ amount

For PPP loans approved under $150,000 the same information has been included except for business names and addresses in order to protect the privacy of the borrower and their employees. 

Please keep in mind that PPP loan demographic data is submitted voluntarily by the borrower to the lender at the time of application.  More information on how demographic information was collected and what data appears in the reports can be found in the Key Aspects of PPP Loan Data 6-30 pdf attached to this email. 

For the most up-to-date, official information regarding SBA Coronavirus programs visit, sign up for the SBA e-newsletter at, and follow @SBAgov on Twitter. Find local SBA Resource Partners who counsel, mentor, and train small businesses at no cost at

For information on all federal Coronavirus programs, visit or (en Español).

Additional Resouces: 

To visit the Small Business Resource Page on, click here.

To visit the U.S. Small Business Adminstration's Paycheck Protection Program Page, click here.

To visit the U.S. Small Business Adminstration's Small Business Guidance and Loan Resources Page, click here

For a FAQ Sheet from the Small Business Administration and U.S. Treasury Department on the Paycheck Protection Program Loans, click PDF iconhere.

For more detailed information on the Paycheck Protection Program for Borrowers, click here for a Fact Sheet from the U.S. Treasury Department.

For a Paycheck Protection Program Application Form for Borrowers, click here

For a Paycheck Protection Program Application Form for Lenders, click here

Click PDF iconhere, to read a letter I sent to Hoosier Lending Institutions and Small Businesses with information on the S.B.A. Paycheck Protection Program. 

Economic Injury Disaster Loan Assistance

Small businesses are still eligible to apply for low interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.

  • Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).
  • SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance.
  • Once a declaration is made, the information on the application process for Economic Injury Disaster Loan assistance will be made available to affected small businesses within the state.
  • SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%. 
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay. 
  • SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
  • For additional information, please visit
  • For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail
  • To contact an Indiana District Office email

Indianapolis Small Business Assistance


LISC has partnered with Kiva, an international crowdlending platform, since 2015 to help increase access for entrepreneurs in neighborhoods LISC serves. In response to COVID19, Kiva has increased loan size and a grace period on repayment to meet increased need. Kiva loans are 0% interest and zero fee for the borrower and are great for small businesses with a broad social network.

Anyone can become a microlender through Kiva where you can register and make a loan as small as $25. There is no commitment and no cost to you other than the loan which gets repaid in 18-36 months (depending on loan size) and gets deposited back into your Kiva account each month during the repayment term. You could reinvest those dollars into a new loan, or withdraw them from Kiva if you prefer.

Through the LISC-Kiva partnership, LISC can match loans from the crowd dollar for dollar up to a total loan value $15,000 to help the borrower reach their loan goal faster and broaden their marketing impact. If a business is specifically interested in this opportunity, please contact Emily Scott escott@lisc.orgClick here to view the flyer. 

LISC National Small Business Relief Grants

Small businesses across the country are confronting extreme economic challenges as a result of the COVID-19 pandemic. Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability. Thanks to support from funders like Verizon and Sam's Club, LISC National is providing grants to small businesses, to help them keep functioning and remain vital facets of their local economies through this challenging period. Click here to review grant overview, FAQs and eligibility. You may register here to be notified of grant rounds opening.

Main Street Business Lending Program

On April 9, 2020, the Federal Reserve announced the creation of a Main Street Business Lending Program. The program will support small and mid-sized businesses that were in good financial standing before the public health crisis.

  • This facility will ensure credit flows to small and mid-sized businesses that may not have been supported through the Paycheck Protection Program or the Fed’s other lending facilities.
  • The Treasury will invest $75 billion into a special purpose vehicle (SPV) to purchase eligible loans.
    • The facility can purchase up to $600 billion in loans.
    • The SPV will stop purchasing loans on September 30, 2020, unless extended.

For more information on the Main Street Business Lending Program and eligibility requirements, click PDF iconhere.

For a FAQ Sheet on the Main Street Business Lending Program, click PDF iconhere.

For more information on Federal Reserve Facilities, click PDF iconhere