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.
Duplicated Interest
The amount of interest exp...
Guarantor
The legal entity and...
Working Capital (WC)
The amount of current assets that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Injury Period
The time period during...
Primary Activity
The major business activity of...
Negotiation
Contracting through the use of...
Best and Final Offer
For negotiated procurements...
Mentor
A business, usually large, or...
Small Disadvantaged Business Concern
A small business concern that...
Cash Flow Test
Part of the CET that determines if...
Income Statement
Shows the entity’s income and...
Affiliates
Business concerns, organizations, or...
Capital Leases
are for the purchase of fixed assets such as...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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