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 duty,
(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 military duty during a period of military conflict existing on or after March 24, 1999,
(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 ).