13 C.F.R. § 123.501 When is your business eligible to apply for a Military Reservist Economic Injury Disaster Loan?
Title 13 - Business Credit and Assistance
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 duty, (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 military duty during a period of military conflict existing on or after March 24, 1999, (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). [66 FR 38530, July 25, 2001, as amended at 67 FR 64519, Oct. 21, 2002]
Title 13: Business Credit and Assistance
PART 123—DISASTER LOAN PROGRAM
Subpart F—Military Reservist Economic Injury Disaster Loans
§ 123.501 When is your business eligible to apply for a Military Reservist Economic Injury Disaster Loan?
