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FEDERAL
SBA Military Reservist Economic Injury Disaster Loan
The SBA Military Reservist Economic Injury Disaster Loan helps eligible small businesses cover operating expenses when an essential employee is called to active duty.
About this program
Visit the program website for full details.
Eligibility
Eligible applicants are small businesses that have suffered or are likely to suffer substantial economic injury because an essential employee, including an owner who is an essential employee, is a military reservist called to active service for more than 30 consecutive days and the business cannot obtain credit elsewhere.
Requirements
- Be an eligible small business under SBA size standards when the essential employee was called to active service.
- Show that the essential employee was called to active service for more than 30 consecutive days.
- Demonstrate substantial economic injury caused by the employee's absence and inability to obtain credit elsewhere.