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.
Credit Score Test
Part of the home loan CET show a...
Phase 2
Process to be used to determine economic injury for...
SCORE
Counselors to America's Small Bus...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Contracting Officer
A person with the authority to...
GPM%
The measure of every sales dollar left...
Protégé
A firm in a developmental stage that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Defense Contractor
Any person who enters into...
Lien
A legal claim against an...
Affiliate
Business concerns are affiliates if one concern...
Injury Analysis
Measures the effects of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Current Liabilities
A balance sheet item, which...

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