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.
B/E (Business EIDL) Loan
A business loan that...
Electronic Data Interchange
Transmission of information bet...
Comparative Analysis
Is designed to point out significant trends that...
Sole Proprietor
an individual who...
Equity
An accounting term used to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Joint Venture
In the SBA Mentor-Protégé Program...
Applicant Individual
aka who is requesting an SBA loan...
Physical Loans
Funds to repair/replace dis...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Protégé
A firm in a developmental stage that...
Limited Partnership
A business organization with one or...
Defense Contractor
Any person who enters into...
Subcontract
A contract between a prime cont...
Extraordinary Items
Additional expenses that are...

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