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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 1
Process used to determine the...
Trend Analysis
A comparative analysis of...
Small Disadvantaged Business Concern
A small business concern that...
Sole Proprietor
an individual who...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Fair and Reasonable Price
A price that is fair to both parties...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Defense Contractor
Any person who enters into...
Days Payable
A measure of the average time a...
B/E (Business EIDL) Loan
A business loan that...
Joint Venture
In the SBA Mentor-Protégé Program...
Contracting
Purchasing, renting, leasing, or...
Partnership
A type of unincorporated business org...
Acquisition
The acquiring of supplies or...

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