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.
Applicant/Co-Applicant
Business entity and person requesting...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Business Activity
The business (or loss) activity of...
Income Statement
Shows the entity’s income and...
B/E (Business EIDL) Loan
A business loan that...
Depreciation
A non-cash operating expense that...
Subcontract
A contract between a prime cont...
Credit Score Test
Part of the home loan CET show a...
SCORE
Counselors to America's Small Bus...
Partnership
A type of unincorporated business org...
Joint Venture
In the SBA Mentor-Protégé Program...
Collateral
Assets pledged by a borrower to secure a loan...
Cash-basis Accounting
records revenue when cash is...
Primary Activity
The major business activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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