SBA Loans for Businesses Ditched by Reservists Called to Duty
Published Date: 10/5/2026
Notice
Summary
Starting October 1, 2026, small businesses across the U.S. and territories with military reservist employees called to active duty for over 30 days can apply for special disaster loans. These loans help cover everyday business costs while essential employees serve, with applications open for up to a year after the employee returns. The current loan interest rate is 4%, making it easier to keep businesses running smoothly during tough times.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Small businesses with reservists can apply
Starting October 1, 2026, small businesses anywhere in the United States and U.S. territories can apply for Military Reservist Economic Injury Disaster Loans if a military reservist they employ is ordered to active service for more than 30 consecutive days and that employee is essential to daily operations. You can apply online through the MySBA Loan Portal, and applications are allowed up to one (1) year after the essential employee is discharged or released from active service.
Loans cover working capital while employee serves
The MREIDL loans are intended to provide the working capital a small business needs to pay ordinary and necessary operating expenses it cannot meet because an essential employee was ordered to active service for more than 30 consecutive days. The loans are only to cover amounts needed until operations return to normal after the employee is released from active service.
Current interest rate for MREIDL is 4.000%
The notice states that interest rates are published quarterly and that the current interest rate for eligible small businesses is 4.000%. This rate applies to loans issued under this MREIDL notice as of the published quarter.
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