Notice2022-22251
The Entire United States and U.S. Territories; Military Reservist Economic Injury Disaster Loan Program (MREIDL)
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 13, 2022
Issuing agencies
Small Business Administration
Abstract
This is a notice of the Military Reservist Economic Injury Disaster Loan Program (MREIDL), dated 10/01/2022.
Full Text
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<title>Federal Register, Volume 87 Issue 197 (Thursday, October 13, 2022)</title>
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[Federal Register Volume 87, Number 197 (Thursday, October 13, 2022)]
[Notices]
[Page 62169]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-22251]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration Number #17666 Disaster Number #ZZ-00018]
The Entire United States and U.S. Territories; Military Reservist
Economic Injury Disaster Loan Program (MREIDL)
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
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SUMMARY: This is a notice of the Military Reservist Economic Injury
Disaster Loan Program (MREIDL), dated 10/01/2022.
DATES: Issued on 10/01/2022.
MREIDL Loan Application Deadline Date: 1 year after the essential
employee is discharged or released from active service.
ADDRESSES: Submit completed loan applications to: U.S. Small Business
Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration, 409 3rd Street SW,
Suite 6050, Washington, DC 20416, (202) 205-6734.
SUPPLEMENTARY INFORMATION: This notice establishes the application
filing period for the Military Reservist Economic Injury Disaster Loan
Program (MREIDL).
Effective 10/01/2022, small businesses employing military
reservists may apply for economic injury disaster loans if those
employees are ordered to perform active service for a period of more
than 30 consecutive days, and those employees are essential to the
success of the small businesses' daily operations.
The purpose of the MREIDL program is to provide funds to an
eligible small business to meet its ordinary and necessary operating
expenses that it could have met, but is unable to meet, because an
essential employee was ordered to perform active service for more than
30 consecutive days in his or her 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 service. For information/applications contact 1-
800-659-2955 or visit <a href="http://www.sba.gov">www.sba.gov</a>. Applications for the Military
Reservist Economic Injury Disaster Loan Program may be filed at the
above address.
The interest rates are published quarterly in the Federal Register.
The current rate for eligible small businesses is 3.040.
The number assigned is 17666 0.
(Catalog of Federal Domestic Assistance Number 59008)
Rafaela Monchek,
Acting Associate Administrator for Disaster Assistance.
[FR Doc. 2022-22251 Filed 10-12-22; 8:45 am]
BILLING CODE 8026-09-P
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</html>Indexed from Federal Register on October 13, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.