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

CFR · 2024-01-01 · US · Title 13

Your business is ineligible for a Military Reservist EIDL if it, together with its affiliates, is subject to any of the following conditions: (a) Any of your business' principal owners has been convicted, during the past year, of a felony during and in connection with a riot or civil disorder; (b) You have assumed the risk associated with employing the military reservist, as determined by SBA (for example, hiring the “essential employee” after the employee has received call-up orders or been notified that they are imminent); (c) Any of your business' principal owners is presently incarcerated, or on probation or parole following conviction of a serious criminal offense; (d) Your business is an agricultural enterprise. Agricultural enterprise means a business primarily engaged in the production of food and fiber, ranching and raising of livestock, aquaculture and all other farming and agriculture-related industries. (See 13 CFR 121.107, “How does SBA determine a concern's primary industry?”) Sometimes a business is engaged in both agricultural and non-agricultural business activities. If the primary business activity of the business is not an agricultural enterprise, it may apply for a Military Reservist EIDL, but loan proceeds may not be used, directly or indirectly, for the benefit of the agricultural enterprises; (e) Your business is engaged in any illegal activity; (f) Your business is a government owned entity (except for a business owned or controlled by a Native America

official document · source cfr-2024 · id 13:§ 123.502