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FEDERAL
SBA Military Reservist Economic Injury Disaster Loan (MREIDL) – Massachusetts
Low-interest federal disaster loan for Massachusetts small businesses that suffer economic injury when an essential employee or owner is called to active military duty; provides up to $2 million to cover operating expenses the business cannot meet during deployment; particularly relevant to Massachusetts National Guard and Reserve employers.
About this program
Visit the program website for full details.
Eligibility
Massachusetts-based small businesses where an essential employee or owner is ordered to active military duty and the business suffers economic injury as a direct result.
Requirements
- Massachusetts-based small business
- Essential employee or owner ordered to active military duty
- Demonstrate economic injury resulting from the deployment