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.
Cash Flow Test
Part of the CET that determines if...
B/E (Business EIDL) Loan
A business loan that...
Affiliate
Business concerns are affiliates if one concern...
Partnering
A mutually beneficial business-to-bus...
Credit Score Test
Part of the home loan CET show a...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Partnership
A type of unincorporated business org...
Certificate of Competency
A certificate issued by the Small Bus...
Subsidiary
A company for which a majority of the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Extraordinary Items
Additional expenses that are...
Lien
A legal claim against an...
Phase 2
Process to be used to determine economic injury for...
Contracting Officer
A person with the authority to...
Break-even Analysis
A calculation of the approximate sales...

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