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.
Intermediary Organization
Organizations that play a funda...
Phase 1
Process used to determine the...
Equity
An accounting term used to...
Credit Elsewhere Test (CET)
The test to determine the...
S-Corporation
A form of corporation, allowed by...
Income Statement
Shows the entity’s income and...
Comparative Analysis
Is designed to point out significant trends that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subsidiary
A company for which a majority of the...
Days Receivable
A measure of the average time a...
Joint Venture
In the SBA Mentor-Protégé Program...
Days Payable
A measure of the average time a...
Contractor Team Arrangement
An arrangement in which...
Duplicated Interest
The amount of interest exp...
Break-even Analysis
A calculation of the approximate sales...

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