Business Planning and Disaster Assistance For Small Businesses who Employ or are Owned by Military Reservists
All of the technical assistance programs referenced above can provide pre and post
mobilization business counseling and planning assistance to any Reservist who owns their own
business or to the business they work for. We also offer assistance to the caretaker of the
business who may manage the business while the reservist is activated.
Our Office of Disaster Assistance also offers the Military Reservist Economic Injury Disaster
Loan (MREIDL) program at very favorable rates and terms. The purpose of the MREIDL is to provide
funds to eligible small businesses to meet its ordinary and necessary operating expenses that it
could have met, but is unable to meet, because an essential employee was "called-up" to active duty
in their role as a military reservist. These loans are intended only to provide the amount of
working capital needed by a small business to pay its necessary obligations as they mature until
operations return to normal after the essential employee is released from active military duty. The
purpose of these loans is not to cover lost income or lost profits. MREIDL funds cannot be used to
take the place of regular commercial debt, to refinance long-term debt or to expand the business.
Contact your district office or visit
this
page.
