13 CFR § 123.501 - Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?
---
identifier: "/us/cfr/t13/s123.501"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 123.501 - Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?"
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "123.501"
section_name: "Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?"
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "123"
part_name: "DISASTER LOAN PROGRAM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 632, 634(b)(6), 636(b), 636(d), 657n, 9009, and U.S. Const. art. VI, cl. 10."
regulatory_source: "61 FR 3304, Jan. 31, 1996, unless otherwise noted."
cfr_part: "123"
---
# 123.501 Under what circumstances is your business eligible to be considered for a Military Reservist Economic Injury Disaster Loan?
Your business is eligible to apply for a Military Reservist EIDL if:
(a) It is a small business as defined in 13 CFR part 121 when the essential employee was called to active service,
(b) The owner of the business is a military reservist and an essential employee or the business employs a military reservist who is an essential employee,
(c) The essential employee has been called-up to active service for a period of more than 30 consecutive days,
(d) The business has suffered or is likely to suffer substantial economic injury as a result of the absence of the essential employee, and
(e) You and your affiliates and principal owners (20% or more ownership interest) have used all reasonably available funds, and you are unable to obtain credit elsewhere (see § 123.104).
[66 FR 38530, July 25, 2001, as amended at 67 FR 64519, Oct. 21, 2002; 88 FR 24109, Apr. 19, 2023]