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...
Intermediary Organization
Organizations that play a funda...
Current Assets
A balance sheet item which equals...
Normal Gross Margin
The margin that would have been...
Credit Elsewhere Test (CET)
The test to determine the...
Defense Contractor
Any person who enters into...
Contract
A mutually binding legal rel..
Applicant/Co-Applicant
Business entity and person requesting...
Small Business
A business smaller than...
Phase 2
Process to be used to determine economic injury for...
Phase 1
Process used to determine the...
Trend Analysis
A comparative analysis of...
Mentor
A business, usually large, or...
Applicant Entity
The business entity requesting...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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