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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Subcontract
A contract between a prime cont...
Adjusted Net Worth
Post disaster fair market value of tangible...
Duplicated Interest
The amount of interest exp...
Liabilities
A financial obligation...
Normal Annual Sales
Those sales that would have...
Current Assets
A balance sheet item which equals...
Certified 8(a) Firm
A firm owned and operated by socially and...
Acquisition
The acquiring of supplies or...
Subsidiary
A company for which a majority of the...
Mentor
A business, usually large, or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Injury Analysis
Measures the effects of...
Trend Analysis
A comparative analysis of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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