[Federal Register Volume 81, Number 199 (Friday, October 14, 2016)]
[Notices]
[Page 71157]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24830]



[[Page 71157]]

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SMALL BUSINESS ADMINISTRATION

[Disaster Declaration #14890 Disaster #ZZ-00012]


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 10/01/2016.

EFFECTIVE DATE: 10/01/2016.

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 10/01/2016, 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.

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                                                                Percent
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The Interest Rate for eligible small businesses is...........      4.000
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    The number assigned is 14890 0.

(Catalog of Federal Domestic Assistance Number 59008)

James E. Rivera,
Associate Administrator for Disaster Assistance.
[FR Doc. 2016-24830 Filed 10-13-16; 8:45 am]
 BILLING CODE 8025-01-P