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.
Liabilities
A financial obligation...
Phase 1
Process used to determine the...
Subsidiary
A company for which a majority of the...
Trend Analysis
A comparative analysis of...
Hardship Waiver
Method used to approve a...
Injury Analysis
Measures the effects of...
Partnering
A mutually beneficial business-to-bus...
Current Assets
A balance sheet item which equals...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Affiliate
Business concerns are affiliates if one concern...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Physical Loans
Funds to repair/replace dis...
Phase 2
Process to be used to determine economic injury for...
Normal Annual Sales
Those sales that would have...
B/E (Business EIDL) Loan
A business loan that...

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