• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

US Military

  • Branches
    • Army
    • Navy
    • Air Force
    • Marine Corps
    • Coast Guard
    • National Guard
    • Air National Guard
    • Find A Recruiter
  • Find A Recruiter
  • Military Benefits
    • GI Bill
    • VA Loans
    • Military Scholarships
    • Military Friendly Colleges
    • Money
  • Jobs
    • Military Pay Chart
    • Veteran Jobs
    • Civilian Jobs
  • VA Loan Rates
  • Military News
    • Top News
    • Benefits
    • Careers
    • Education
    • Featured Columnists
      • Larry Fowler
      • Scott Ostrow
      • Kim Lengling
      • Dr. Sasha Toperich
      • Rick Stewart
  • USM Shop
  • GI Bill
  • VA Loans
  • Military Scholarships
  • Top Military-Friendly Colleges and Universities in America

Deployment Benefits For Servicemembers

March 31, 2008 By admin

If you are a small business owner and you are headed off to deployment, you are likely worried about how you will make ends meet. You are perhaps the center of your business, and without you your business may be strapped to continue without support of some kind. Well, do not fret; there are different types of support that is available. Small Businesses and small business owners are sometimes hit hard when Servicemembers that are vital to their day-to-day operations are mobilized for military service. There is one program that in particular can be helpful for small businesses and small business owners.

It is MREIDL, or the Military Reservist Economic Injury Disaster Loan Program. It is a program that provides funds for businesses that are financially affected by the deployment of a military Servicemember. Sometimes it is the small business that is hit the hardest by the deployment of reservist Servicemembers, and because of this Congress set up a program to help out financially and help ease some of the burden. This program is available to help out with financial shortfalls due to an employee that is essential to the business being activated and called up to TAD or active duty. This program is a loan program designed to provide funds for business expenses that are necessary. It did not designed to provide income or profits that will be lost due to deployment, but it is able to help provide short-term assistance and working capital for the business to continue while the Servicemember is deployed.

Are you interested in an exciting career in the Military? See if you qualify. Click Here Now!

When the Servicemember is called to active duty the period to apply for a MREIDL loan begins. This is the time when application for the loan program can begin. The period to apply lasts from the first day of Active Duty to a period ending ninety days after the Servicemember is released from active duty. The MREIDL loan program was created by Congress to provide a method for small business and small business owners to continue their businesses and stop the failure of small businesses due to deployment.

Loans that are tendered for amounts less than five thousand dollars do not require any kind of collateral. If an amount is borrowed more than that, then these loans require some kind of collateral as much as possible to guarantee the loan. The Loan program is ran by the Small Business Administration, and the loans are intended to support other sources of credit.

Filed Under: Benefits, Updates

[related_posts_by_tax format="thumbnails" limit_posts="100" image_size="sidebar-thumbnail" public_only="true" posts_per_page="6"]

Primary Sidebar

USMilitary.com Career Guide

Sign up to receive USMilitary.com email updates and to hear what's going on with all military branches!

Featured Columnists

Larry Fowler

Larry Fowler is the publisher of USMilitary.com Network one of America's premier privately owned

Autobiography Compares Living Faithfully With Navy SEAL Training (BUD/S).

Scott Ostrow

Lt Col (Dr.) Scott A. Ostrow retired from the Air Force in September 2005 and has been teaching

Must Read: The Truth About The ASVAB Test Prep From The Man Who Wrote The Book

Kim Lengling

Kim Lengling is a Air Force Veteran whose passion is to help support veterans and their

The Moving Wall: Women Who Paid The Ultimate Price For Their Country

Dr. Sasha Toperich

Dr. Sasha Toperich is the Senior Executive Vice President at Transatlantic Leadership

Sarraj’s Dangerous Dance With Power

Rick Stewart

Rick Stewart is a former United States Air Force Survival, Evasion, Resistance, and Escape (SERE)

Announcing American Patriots Unsung Magazine

Nathan B. Nelson

Capt (ret) Nathan B. Nelson is the Director of Military Affairs for the 1st Congressional district

Three Critical Considerations for Every Veteran Prior to Leaving Active Duty

Laquan Daniels

Laquan Daniel is a military recruiting expert with over 17 years of specialized experience in the

Important News For Military Transitioning Veterans

Veteran Buzz

Hire Military Veterans

Which Companies Are Most Likely to Hire Military Veterans?

July 30, 2018 By Ben Ehinger

High-Paying Jobs for Military Veterans

5 High-Paying Jobs for Military Veterans

July 2, 2018 By Ben Ehinger

High Paying Jobs Not Requiring a Degree

June 28, 2018 By Ben Ehinger

Footer

  • Advertise With Us
  • Privacy Policy
  • Write For US
  • Link to Us

Recent

  • A Few Benefits You May Not be Aware of As a Military Child
  • Experts Predict Artificial Intelligence Will Transform Warfare
  • Autobiography Compares Living Faithfully With Navy SEAL Training (BUD/S).
  • The Unraveled Pandemic Of Navy SEAL Posers
  • Apache Attack Helicopter Pilot: To Maintain a Watchful Eye, “Above the Best”

Search

© Copyright 2021 USMillitary
Web Design by Goebel Media Group


THIS IS A PRIVATE WEBSITE THAT IS NOT AFFILIATED WITH THE U.S. GOVERNMENT, U.S. ARMED FORCES, OR DEPARTMENT OF VETERANS AFFAIRS. U.S. GOVERNMENT AGENCIES HAVE NOT REVIEWED THIS INFORMATION. THIS SITE IS NOT CONNECTED WITH ANY GOVERNMENT AGENCY.

​Tips
Discounts
News

​

​

Join the USMilitary.com Newsletter Today!

By subscribing you agree to our terms & conditions

x