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.
Capital Leases
are for the purchase of fixed assets such as...
Cash-basis Accounting
records revenue when cash is...
NAICS
NAICS codes are common...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Days Payable
A measure of the average time a...
Best and Final Offer
For negotiated procurements...
Assets
The amount of current assets that is left...
Physical Loans
Funds to repair/replace dis...
Injury Period
The time period during...
Operating Leases
are deducted on the company’s...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Analysis
Measures the effects of...
Protégé
A firm in a developmental stage that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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