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.
Partnership
A type of unincorporated business org...
Amortization
A non-cash operating expense that...
Mentor
A business, usually large, or...
Business Activity
The business (or loss) activity of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Sole Proprietor
an individual who...
Defense Contractor
Any person who enters into...
Guarantor
The legal entity and...
Contracting Officer
A person with the authority to...
Subsidiary
A company for which a majority of the...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Normal Annual Sales
Those sales that would have...
Corporation (C-corp.)
The most common form of business org...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
B/E (Business EIDL) Loan
A business loan that...

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