13 CFR 123.501
§ 123.501 Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?
United States · 13 CFR — Business Credit and Assistance · Status: effective
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- Citation
- 13 CFR 123.501, § 123.501 Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52461
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Full text
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).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.