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.
Extraordinary Items
Additional expenses that are...
Intermediary Organization
Organizations that play a funda...
Credit Elsewhere Test (CET)
The test to determine the...
Operating Leases
are deducted on the company’s...
S-Corporation
A form of corporation, allowed by...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contracting
Purchasing, renting, leasing, or...
Days Payable
A measure of the average time a...
Injury Analysis
Measures the effects of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
B/E (Business EIDL) Loan
A business loan that...
Affiliate
Business concerns are affiliates if one concern...
Depreciation
A non-cash operating expense that...
Full and Open Competition
With respect to a contract action...
Applicant/Co-Applicant
Business entity and person requesting...

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