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.
Sole Proprietor
an individual who...
Depreciation
A non-cash operating expense that...
B/E (Business EIDL) Loan
A business loan that...
Equity
An accounting term used to...
Duplicated Interest
The amount of interest exp...
Income Statement
Shows the entity’s income and...
Fair and Reasonable Price
A price that is fair to both parties...
Working Capital (WC)
The amount of current assets that...
Small Business
A business smaller than...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Physical Loans
Funds to repair/replace dis...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Injury Analysis
Measures the effects of...
Primary Activity
The major business activity of...
Comparative Analysis
Is designed to point out significant trends that...

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