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WASHINGTON – Small businesses incurring losses due to their key employees being called to active military duty can apply to the Small Business Administration for Military Reservist Economic Injury Disaster Loans. The loans cover operating costs of up to $1.5 million. Small Businesses can apply for a military reservist loan up to 90 days after the key employee is discharged from active duty. “Many small businesses have had to cope with the loss of know-how, and have been hurt financially by the absence of a key employee during the recent call ups,” said SBA Administrator Hector Barreto. “This loan program has helped many businesses survive, and the SBA will continue to support these dedicated men and women who have made such a great sacrifice in the course of serving their country.” Additional information about the SBA’s Military Reservist Economic Injury Disaster Loans can be found on the agency’s Web site, www.sba.gov/disaster.

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