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.
GPM%
The measure of every sales dollar left...
Contracting Officer
A person with the authority to...
Joint Venture
In the SBA Mentor-Protégé Program...
Principal
the owner(s) of the Applicant Entity that...
Prime Contract
A contract awarded directly...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Electronic Data Interchange
Transmission of information bet...
Normal Annual Sales
Those sales that would have...
Lien
A legal claim against an...
Partnership
A type of unincorporated business org...
Normal Gross Margin
The margin that would have been...
Partnering
A mutually beneficial business-to-bus...
Contracting
Purchasing, renting, leasing, or...
Physical Loans
Funds to repair/replace dis...

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