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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Best and Final Offer
For negotiated procurements...
Equity
An accounting term used to...
Corporation (C-corp.)
The most common form of business org...
Liabilities
A financial obligation...
Certificate of Competency
A certificate issued by the Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Phase 1
Process used to determine the...
Depreciation
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...
Negotiation
Contracting through the use of...
Phase 2
Process to be used to determine economic injury for...
Operating Leases
are deducted on the company’s...
Adjusted Net Worth
Post disaster fair market value of tangible...
Protégé
A firm in a developmental stage that...

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