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.
Phase 1
Process used to determine the...
Protégé
A firm in a developmental stage that...
S-Corporation
A form of corporation, allowed by...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Negotiation
Contracting through the use of...
NAICS
NAICS codes are common...
Certified 8(a) Firm
A firm owned and operated by socially and...
Joint Venture
In the SBA Mentor-Protégé Program...
Affiliates
Business concerns, organizations, or...
Break-even Analysis
A calculation of the approximate sales...
Normal Gross Margin
The margin that would have been...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Business Activity
The business (or loss) activity of...

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