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.
Acquisition
The acquiring of supplies or...
Corporation (C-corp.)
The most common form of business org...
Fair and Reasonable Price
A price that is fair to both parties...
Lien
A legal claim against an...
Subsidiary
A company for which a majority of the...
Hardship Waiver
Method used to approve a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Partnership
A type of unincorporated business org...
Best and Final Offer
For negotiated procurements...
Operating Leases
are deducted on the company’s...
Applicant Individual
aka who is requesting an SBA loan...
Affiliated Group
When two or more...
Phase 2
Process to be used to determine economic injury for...
Applicant Entity
The business entity requesting...
Business Activity
The business (or loss) activity of...

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