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.
Fair and Reasonable Price
A price that is fair to both parties...
Mentor
A business, usually large, or...
Working Capital (WC)
The amount of current assets that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Principal
the owner(s) of the Applicant Entity that...
Emerging Small Business
A small business concern whose...
Cash-basis Accounting
records revenue when cash is...
Trend Analysis
A comparative analysis of...
Applicant Entity
The business entity requesting...
Current Liabilities
A balance sheet item, which...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
B/E (Business EIDL) Loan
A business loan that...
Electronic Data Interchange
Transmission of information bet...
Duplicated Interest
The amount of interest exp...
Negotiation
Contracting through the use of...

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