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.
Phase 1
Process used to determine the...
Contract
A mutually binding legal rel..
Current Assets
A balance sheet item which equals...
Best and Final Offer
For negotiated procurements...
Subsidiary
A company for which a majority of the...
Applicant/Co-Applicant
Business entity and person requesting...
Limited Partnership
A business organization with one or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Duplicated Interest
The amount of interest exp...
Emerging Small Business
A small business concern whose...
Fair and Reasonable Price
A price that is fair to both parties...
Current Liabilities
A balance sheet item, which...
Injury Analysis
Measures the effects of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Projection
An estimate of future economic or...

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