If you have an essential employee who is a military reservist called to active duty, SBA provides loans to help eligible small businesses with operating expenses. The maximum Military Reservist Economic Injury Disaster loan (MREIDL) loan amount is $2 million.

  • The amount of each loan is limited to the actual economic injury as calculated by SBA, business interruption insurance and whether the business and/or its owners have sufficient funds to operate.

 

  • If your business is a major source of employment, SBA has authority to waive the $2 million statutory limit.

 

  • Businesses with the financial capacity to fund their own recovery are not eligible for MREIDL assistance. Federal law requires SBA to first determine whether the credit necessary to accomplish full recovery is available from non-government sources without creating an undue financial hardship.

The filing period begins on the date the essential employee receives a notice of expected call-up and ends one year after the essential employee is discharged or released from active duty.