Military Reservist Working Capital Loan Program Expanded

Courtesy Small Business Trends  Tue, 11/04/2008 - 05:35

WASHINGTON (October 29, 2008) - Legislative changes will make a U.S. Small Business Administration loan program more accessible to small businesses facing financial loss when the owner or essential employee is called to active military duty by extending the application period, increasing the unsecured loan threshold, and raising the maximum loan limit.

Changes to the Military Reservist Economic Injury Disaster Loan (MREIDL) program became effective October 28.

“The SBA is proud to be able to support the...


 

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