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.
Injury Period
The time period during...
Negotiation
Contracting through the use of...
Principal
the owner(s) of the Applicant Entity that...
Electronic Data Interchange
Transmission of information bet...
Applicant Entity
The business entity requesting...
Injury Analysis
Measures the effects of...
Affiliated Group
When two or more...
Depreciation
A non-cash operating expense that...
Full and Open Competition
With respect to a contract action...
Applicant/Co-Applicant
Business entity and person requesting...
Mentor
A business, usually large, or...
Break-even Analysis
A calculation of the approximate sales...
Capital Leases
are for the purchase of fixed assets such as...
Joint Venture
In the SBA Mentor-Protégé Program...
Credit Elsewhere Test (CET)
The test to determine the...

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