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.
Days Payable
A measure of the average time a...
Injury Period
The time period during...
GPM%
The measure of every sales dollar left...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Electronic Data Interchange
Transmission of information bet...
Request for Proposal (RFP)
A document outlining a...
Subsidiary
A company for which a majority of the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Prime Contract
A contract awarded directly...
Acquisition
The acquiring of supplies or...
Intermediary Organization
Organizations that play a funda...
Principal
the owner(s) of the Applicant Entity that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Corporation (C-corp.)
The most common form of business org...
Protégé
A firm in a developmental stage that...

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