Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?

CFR · 2024-01-01 · US · Title 13

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).

official document · source cfr-2024 · id 13:§ 123.501