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.
Applicant Entity
The business entity requesting...
Normal Annual Sales
Those sales that would have...
Cash-basis Accounting
records revenue when cash is...
Intermediary Organization
Organizations that play a funda...
Best and Final Offer
For negotiated procurements...
Equity
An accounting term used to...
Income Statement
Shows the entity’s income and...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Subcontract
A contract between a prime cont...
Prime Contract
A contract awarded directly...
Request for Proposal (RFP)
A document outlining a...
Small Business
A business smaller than...
SCORE
Counselors to America's Small Bus...
Credit Elsewhere Test (CET)
The test to determine the...
Principal
the owner(s) of the Applicant Entity that...

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