Black Enterprise recently drew our attention to a noteworthy initiative. SBA Military Reservist Economic Injury Disaster Loans are available to reservists who run small businesses that “suffered economic losses when the owner or a key employee was called up to active duty” for up to $2 million.
SBA Acting Administrator Jeanne Hulit says that, “These Military Reservist Economic Injury Disaster Loans provide funds that will help these small businesses cover operating expenses. This way our brave men and women in uniform don’t have to choose between serving their country and growing their businesses.”
Learn more about the program’s eligibility and how to apply through the SBA here.