Notice2024-23210
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 8, 2024
Issuing agencies
Small Business Administration
Abstract
This is a notice of the Military Reservist Economic Injury Disaster Loan Program (MREIDL), dated 10/01/2024.
Full Text
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<title>Federal Register, Volume 89 Issue 195 (Tuesday, October 8, 2024)</title>
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[Federal Register Volume 89, Number 195 (Tuesday, October 8, 2024)]
[Notices]
[Page 81614]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-23210]
[[Page 81614]]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration Number #20713 Disaster Number ZZ-00020]
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 10/01/2024.
DATES: Issued on 10/01/2024.
MREIDL Loan Application Deadline Date: 1 year after the essential
employee is discharged or released from active service.
ADDRESSES: Visit the MySBA Loan Portal at <a href="https://lending.sba.gov">https://lending.sba.gov</a> to
apply for a disaster assistance loan.
FOR FURTHER INFORMATION CONTACT: Alan Escobar, Office of Disaster
Recovery & Resilience, 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 10/01/2024 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.
Applications for the Military Reservist Economic Injury Disaster
Loan Program may be submitted online using the MySBA Loan Portal
(<a href="https://lending.sba.gov">https://lending.sba.gov</a>).
Please contact the SBA disaster assistance customer service center
by email at <a href="/cdn-cgi/l/email-protection#e3878a908290978691809690978c8e8691908691958a8086a3908182cd848c95"><span class="__cf_email__" data-cfemail="e3878a908290978691809690978c8e8691908691958a8086a3908182cd848c95">[email protected]</span></a> or by phone at 1-800-659-
2955 for further assistance.
The interest rates are published quarterly in the Federal Register.
The current rate for eligible small businesses is 4.000.
The number assigned is 207130.
(Catalog of Federal Domestic Assistance Number 59008)
Francisco S[aacute]nchez, Jr.,
Associate Administrator, Office of Disaster Recovery & Resilience.
[FR Doc. 2024-23210 Filed 10-7-24; 8:45 am]
BILLING CODE 8026-09-P
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</html>Indexed from Federal Register on October 8, 2024.
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.