SBA Economic Injury Disaster Loans (EIDL)

  • For information on SBA Economic Injury Disaster Loans (EIDL), please visit the SBA’s website here.
  • For questions regarding your EIDL loan, you can call the SBA Customer Service line at 1-800-659-2955.
  • If you need to request that the SBA subordinate it’s lien position -OR- you wish to request to take distributions from your company that has an outstanding EIDL loan, contact:

 

SBA Paycheck Protection Program Loans (PPP)

THE PPP LOAN PROGRAM HAS NOW CLOSED AS OF 5/4/2021.

For information on your SBA Paycheck Protection Program Loans (PPP), please contact your lending institution.

 

**The Regional Development Company does not administer either the PPP or EIDL program, and we cannot answer specific questions regarding your EIDL or PPP loan or it’s status.

 

Recover NWI Loan Program

This revolving loan fund can assist eligible businesses located in Lake, Porter and LaPorte Indiana.  The loan funds can be used for working capital, inventory, marketing, job retention, fixed assets and other expenses.  Loan amounts are available from $10,000 – $100,000.  Your business must have been in existence prior to January 1, 2020 AND must demonstrate a negative impact due to the COVID pandemic.  This loan fund is administered through the Northwestern Indiana Regional Planning Commission (NIRPC)  Click here to apply.

 

Debt Refinance

If you own commercial real estate that is currently financed through a traditional bank loan (not an SBA loan), you may be eligible to refinance that debt and pull cash out using the SBA 504 loan program.  You can find more information here.

 

Current RDC clients

If you are an RDC client and are UNABLE to make your loan payments, please contact Carla Platipodis at carla@rdc504.org to review your options.

 

For general pandemic assistance, please visit:

  • Indiana businesses – Stay In Biz website here
  • Illinois businesses – Illinois Department of Commerce site here