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/Co-Applicant
Business entity and person requesting...
Trend Analysis
A comparative analysis of...
Partnership
A type of unincorporated business org...
Electronic Data Interchange
Transmission of information bet...
Adjusted Net Worth
Post disaster fair market value of tangible...
Business Activity
The business (or loss) activity of...
Contractor Team Arrangement
An arrangement in which...
Extraordinary Items
Additional expenses that are...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contracting Officer
A person with the authority to...
Normal Gross Margin
The margin that would have been...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 2
Process to be used to determine economic injury for...
Guarantor
The legal entity and...
GPM%
The measure of every sales dollar left...

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