13 CFR § 123.505 - What if you are both an essential employee and the owner of the small business and you started active service before applying for a Military Reservist EIDL?

---
identifier: "/us/cfr/t13/s123.505"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 123.505 - What if you are both an essential employee and the owner of the small business and you started active service before applying for a Military Reservist EIDL?"
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "123.505"
section_name: "What if you are both an essential employee and the owner of the small business and you started active service before applying for a Military Reservist EIDL?"
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"
---


# 123.505 What if you are both an essential employee and the owner of the small business and you started active service before applying for a Military Reservist EIDL?

If you are both an essential employee and the owner of the small business and you started active service before applying for an Military Reservist EIDL, a person who has a power of attorney with the authority to borrow and make other related commitments on your behalf, may complete and submit the EIDL loan application package for you.

[66 FR 38530, July 25, 2001, as amended at 88 FR 24110, Apr. 19, 2023]