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.
Fair and Reasonable Price
A price that is fair to both parties...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Depreciation
A non-cash operating expense that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Full and Open Competition
With respect to a contract action...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Lien
A legal claim against an...
SCORE
Counselors to America's Small Bus...
Projection
An estimate of future economic or...
Subcontract
A contract between a prime cont...
Request for Proposal (RFP)
A document outlining a...
Primary Activity
The major business activity of...
Equity
An accounting term used to...
Acquisition
The acquiring of supplies or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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