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

 
CONTENT
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