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.
Comparative Analysis
Is designed to point out significant trends that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Companion File
When an applicant has another application filed...
NAICS
NAICS codes are common...
Limited Partnership
A business organization with one or...
Duplicated Interest
The amount of interest exp...
Days Payable
A measure of the average time a...
SCORE
Counselors to America's Small Bus...
Certified 8(a) Firm
A firm owned and operated by socially and...
Partnership
A type of unincorporated business org...
Request for Proposal (RFP)
A document outlining a...
Credit Score Test
Part of the home loan CET show a...
Joint Venture
In the SBA Mentor-Protégé Program...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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