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.
Subcontract
A contract between a prime cont...
Days Payable
A measure of the average time a...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Certificate of Competency
A certificate issued by the Small Bus...
Days Receivable
A measure of the average time a...
Principal
the owner(s) of the Applicant Entity that...
Contractor Team Arrangement
An arrangement in which...
Assets
The amount of current assets that is left...
Cash-basis Accounting
records revenue when cash is...
Partnership
A type of unincorporated business org...
Working Capital (WC)
The amount of current assets that...
Amortization
A non-cash operating expense that...
Cash Flow Test
Part of the CET that determines if...
Small Business
A business smaller than...
Applicant Entity
The business entity requesting...

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