Program Description
The purpose of the Military Reservist Economic Injury Disaster Loan program (MREIDL) is to provide emergency working capital to eligible small businesses to meet ordinary and necessary operating expenses that the business is unable to meet because an essential employee was to active duty in their 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 until operations return to normal after the essential employee is released from active military duty. The purpose of these loans is not to cover lost income or lost profits. MREIDL funds cannot be used to take the place of regular commercial debt, to refinance long-term debt or to expand the business.