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FEDERAL
SBA Military Reservist Economic Injury Disaster Loan (MREIDL)
Low-interest federal disaster loan for Iowa small businesses that suffer economic injury when an essential employee is called to active duty as a military reservist, providing up to $2 million to cover operating costs the business cannot meet due to the employee's absence.
About this program
Visit the program website for full details.
Eligibility
Iowa small businesses that have lost an essential employee called up as a military reservist and can demonstrate economic injury as a direct result of that employee's absence.
Requirements
- Iowa-based small business
- Essential employee ordered to active duty as a military reservist
- Demonstrate economic injury resulting from employee's absence