[Federal Register Volume 85, Number 197 (Friday, October 9, 2020)]
[Notices]
[Page 64212]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22408]


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SMALL BUSINESS ADMINISTRATION

[Disaster Declaration Number #16687 Disaster Number #ZZ-00016]


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 10/01/2020.

DATES: Issued on 10/01/2020.
    MREIDL Loan Application Deadline Date: 1 year after the essential 
employee is discharged or released from active service.

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: This notice establishes the application 
filing period for the Military Reservist Economic Injury Disaster Loan 
Program (MREIDL).
    Effective 10/01/2020, small businesses employing military 
reservists may apply for economic injury disaster loans if those 
employees are ordered to perform active service for a period of more 
than 30 consecutive days, and those employees are essential to the 
success of the small businesses' 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 ordered to perform active service for more than 
30 consecutive days 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 service. 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 3.000.
    The number assigned is 166870.

(Catalog of Federal Domestic Assistance Number 59008)

Cynthia Pitts,
Acting Associate Administrator for Disaster Assistance.
[FR Doc. 2020-22408 Filed 10-8-20; 8:45 am]
BILLING CODE 8026-03-P