13 CFR 123.501: Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?
Where this section sits in the code
- Title 13—Business Credit and Assistance
- CHAPTER I—SMALL BUSINESS ADMINISTRATION
- PART 123—DISASTER LOAN PROGRAM
- Subpart F—Military Reservist Economic Injury Disaster Loans
Your business is eligible to apply for a Military Reservist EIDL if:
(a) It is a small business as defined in 13 CFR part 121 when the essential employee was called to active service,
(b) The owner of the business is a military reservist and an essential employee or the business employs a military reservist who is an essential employee,
(c) The essential employee has been called-up to active service for a period of more than 30 consecutive days,
(d) The business has suffered or is likely to suffer substantial economic injury as a result of the absence of the essential employee, and
(e) You and your affiliates and principal owners (20% or more ownership interest) have used all reasonably available funds, and you are unable to obtain credit elsewhere (see § 123.104).
Collected 2026-08-27T02:24:18Z. Source file · JSON