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.
Working Capital (WC)
The amount of current assets that...
Liabilities
A financial obligation...
Amortization
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
S-Corporation
A form of corporation, allowed by...
Primary Activity
The major business activity of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Normal Annual Sales
Those sales that would have...
Trend Analysis
A comparative analysis of...
Duplicated Interest
The amount of interest exp...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Applicant/Co-Applicant
Business entity and person requesting...
Best and Final Offer
For negotiated procurements...
Normal Gross Margin
The margin that would have been...

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