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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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Your business is eligible to apply for a Military Reservist EIDL if:

It is a small business as defined in 13 CFR part 121 when the essential employee was called to active duty,

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,

The essential employee has been called-up to active military duty during a period of military conflict existing on or after March 24, 1999,

The business has suffered or is likely to suffer substantial economic injury as a result of the absence of the essential employee, and

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).

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