← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Military Reservist Economic Injury Disaster Loans

SBA · final-rule · Published 2008-09-23 · Effective 2008-10-28 · 73 FR 54673

Document

Document number
E8-21995
Federal Register citation
73 FR 54673
CFR reference
13 CFR 123
Type
Rule
Action
Direct final rule.
Category
final-rule
Agency
US Small Business Administration
Publication date
2008-09-23
Effective date
2008-10-28

Abstract

SBA makes economic injury disaster loans to small businesses that have been adversely affected by specific events. If a small business has an essential employee or owner who is a member of a reserve component of the Armed Forces, the Small Business Act authorizes SBA to provide Military Reservist Economic Injury Disaster Loan (MREIDL) assistance in the event that the essential employee or owner is called to active duty during a period of military conflict. Recent legislation authorized changes to make the program more accessible to affected small businesses by extending the application period, increasing the unsecured loan threshold, increasing the maximum loan limit and expediting processing of the application. This Direct Final Rule will implement these legislative changes.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown