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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Emerging Small Business
A small business concern whose...
Current Liabilities
A balance sheet item, which...
Adjusted Net Worth
Post disaster fair market value of tangible...
Normal Gross Margin
The margin that would have been...
Mentor
A business, usually large, or...
Injury Period
The time period during...
Cash Flow Test
Part of the CET that determines if...
Working Capital (WC)
The amount of current assets that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Contractor
Any person who enters into...
Full and Open Competition
With respect to a contract action...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Negotiation
Contracting through the use of...
Small Disadvantaged Business Concern
A small business concern that...

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