SUPPLEMENTARY INFORMATION:

This notice establishes the application filing period for the Military Reservist Economic Injury Disaster Loan Program (MREIDL).

Effective 10/01/2024 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.

Applications for the Military Reservist Economic Injury Disaster Loan Program may be submitted online using the MySBA Loan Portal ( https://lending.sba.gov).

Please contact the SBA disaster assistance customer service center by email at disastercustomerservice@sba.gov or by phone at 1-800-659-2955 for further assistance.

The interest rates are published quarterly in the Federal Register . The current rate for eligible small businesses is 4.000.

The number assigned is 207130.

(Catalog of Federal Domestic Assistance Number 59008)

89 FR 81614