Justia Regulation Tracker

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[Federal Register: October 9, 2009 (Volume 74, Number 195)]
[Notices]               
[Page 52275]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09oc09-110]                         

[[Page 52275]]

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SMALL BUSINESS ADMINISTRATION

[Disaster Declaration 11897 Disaster ZZ-00005]

 
The Entire United States and U.S. Territories

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 10/01/2009.

DATES: Effective Date: 10/01/2009.
    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, Suite 
6050, Washington, DC 20416.

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 10/01/2009, 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 http://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 11897 0.

(Catalog of Federal Domestic Assistance Number 59002)

James E. Rivera,
Acting Associate Administrator for Disaster Assistance.
[FR Doc. E9-24416 Filed 10-8-09; 8:45 am]

BILLING CODE 8025-01-P