Legislative changes that took effect Oct. 28 will make the U.S. Small Business Administration loan program more accessible to small businesses facing financial loss when the owner or essential employee is called to active military duty, SBA announced.
The new law extended the application period for the Military Reservist Economic Injury Disaster Loan program, increased the unsecured loan threshold and raised the maximum loan limit.
For more information, go to www.sba.gov/services/disasterassistance.
