Economic Injury Disaster Loan (EIDL)

a working capital loan that provides necessary operating funds to enable eligible businesses to overcome the financial impact of a declared disaster. This loan may not be used to purchase long-term assets.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Break-even Analysis
A calculation of the approximate sales...
Fair and Reasonable Price
A price that is fair to both parties...
Prime Contract
A contract awarded directly...
Business Activity
The business (or loss) activity of...
Small Disadvantaged Business Concern
A small business concern that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Certificate of Competency
A certificate issued by the Small Bus...
Affiliates
Business concerns, organizations, or...
Applicant/Co-Applicant
Business entity and person requesting...
Contracting
Purchasing, renting, leasing, or...
Current Assets
A balance sheet item which equals...
Current Liabilities
A balance sheet item, which...
Lien
A legal claim against an...

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