13 C.F.R. § 123.511   How will SBA disburse Military Reservist EIDL funds?


Title 13 - Business Credit and Assistance


Title 13: Business Credit and Assistance
PART 123—DISASTER LOAN PROGRAM
Subpart F—Military Reservist Economic Injury Disaster Loans

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§ 123.511   How will SBA disburse Military Reservist EIDL funds?

SBA will disburse your funds in quarterly installments (unless otherwise specified in your loan authorization agreement) based on a continued need as demonstrated by comparative financial information. On or about 30 days before your scheduled fund disbursement, SBA will request ordinary and usual financial statements (including balance sheets and profit and loss statements). Based on this information, SBA will assess your continued need for disbursements under this program. Upon making such assessment, SBA will notify you of the status of future disbursements.

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