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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Hardship Waiver
Method used to approve a...
Operating Leases
are deducted on the company’s...
Sole Proprietor
an individual who...
Joint Venture
In the SBA Mentor-Protégé Program...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Request for Proposal (RFP)
A document outlining a...
Contracting
Purchasing, renting, leasing, or...
Injury Analysis
Measures the effects of...
Primary Activity
The major business activity of...
Guarantor
The legal entity and...
Intermediary Organization
Organizations that play a funda...
Affiliate
Business concerns are affiliates if one concern...
Applicant Entity
The business entity requesting...
Best and Final Offer
For negotiated procurements...

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