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...
Companion File
When an applicant has another application filed...
Affiliates
Business concerns, organizations, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Partnership
A type of unincorporated business org...
Applicant Individual
aka who is requesting an SBA loan...
Projection
An estimate of future economic or...
Normal Gross Margin
The margin that would have been...
Lien
A legal claim against an...
B/E (Business EIDL) Loan
A business loan that...
Prime Contract
A contract awarded directly...
Capital Leases
are for the purchase of fixed assets such as...
Current Assets
A balance sheet item which equals...
Principal
the owner(s) of the Applicant Entity that...
Limited Partnership
A business organization with one or...

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