The Entire United States and U.S. Territories; Military Reservist Economic Injury Disaster Loan Program (MREIDL)

Published date09 October 2019
Citation84 FR 54243
Record Number2019-22040
SectionNotices
CourtSmall Business Administration
Federal Register, Volume 84 Issue 196 (Wednesday, October 9, 2019)
[Federal Register Volume 84, Number 196 (Wednesday, October 9, 2019)]
                [Notices]
                [Page 54243]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-22040]
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                SMALL BUSINESS ADMINISTRATION
                [Disaster Declaration Number #16147 Disaster Number #ZZ-00015]
                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 10/01/2019.
                DATES: Issued on 10/01/2019.
                 MREIDL Loan Application Deadline Date: 1 year after the essential
                employee is discharged or released from active duty.
                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: Notice is hereby given that as a result of
                Public Law 106-50, the Veterans entrepreneurship and Small Business
                Development Act of 1999, and the Military Reservist and Veteran Small
                Business Reauthorization Act of 2008, this notice establishes the
                application filing period for the Military Reservist Economic Injury
                Disaster Loan Program (MREIDL).
                 Effective 10/01/2019, small businesses employing military
                reservists may apply for economic injury disaster loans if those
                employees are called up to active duty during a period of military
                conflict or have received notice of an expected call-up, and those
                employees are essential to the success of the small business 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 called-up or expects to be called-up to active
                duty 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 duty. For information/applications contact 1-800-659-2955
                or visit www.sba.gov.
                 Applications for the Military Reservist Economic Injury Disaster
                Loan Program may be filed at the above address.
                 The Interest Rate for eligible small businesses is 4.000.
                 The number assigned is 161470.
                (Catalog of Federal Domestic Assistance Number 59008)
                James Rivera,
                Associate Administrator for Disaster Assistance.
                [FR Doc. 2019-22040 Filed 10-8-19; 8:45 am]
                 BILLING CODE 8026-03-P
                

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