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.
Fair and Reasonable Price
A price that is fair to both parties...
Equity
An accounting term used to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
B/E (Business EIDL) Loan
A business loan that...
Income Statement
Shows the entity’s income and...
S-Corporation
A form of corporation, allowed by...
Limited Partnership
A business organization with one or...
Affiliates
Business concerns, organizations, or...
Applicant Entity
The business entity requesting...
Corporation (C-corp.)
The most common form of business org...
Small Business
A business smaller than...
Comparative Analysis
Is designed to point out significant trends that...
Affiliate
Business concerns are affiliates if one concern...
Negotiation
Contracting through the use of...
Cash-basis Accounting
records revenue when cash is...

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