§ 123.501. Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?
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/us/cfr/t13/s§ 123.501·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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). \[66 FR 38530, July 25, 2001, as amended at 67 FR 64519, Oct. 21, 2002; 88 FR 24109, Apr. 19, 2023\]
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§ 123.501
Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?
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