Glossary
SBA Terms

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
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Acquisition
The acquiring of supplies or...
Cash Flow Test
Part of the CET that determines if...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Credit Elsewhere Test (CET)
The test to determine the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
Subsidiary
A company for which a majority of the...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Principal
the owner(s) of the Applicant Entity that...
Extraordinary Items
Additional expenses that are...
Injury Period
The time period during...
Amortization
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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