Management Buzz 4/04
Covering expenses for employees on active duty, calculating employee loyalty and more
Duty Calls
Business operations don't have to go AWOL when a key employee is called to active duty in the military.
Through the SBA, businesses can get Military Reservist Economic Injury Disaster Loans to cover the cost of hiring skilled temporary workers or consultants to carry the load of a reservist employee who has been called to the front. The loans are typically approved within days, and interest rates don't top 4 percent, says the SBA's Carol Chastang. Entrepreneurs can borrow up to $1.5 million under the loan.
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