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.
Request for Proposal (RFP)
A document outlining a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Business Activity
The business (or loss) activity of...
Emerging Small Business
A small business concern whose...
Certified 8(a) Firm
A firm owned and operated by socially and...
Phase 2
Process to be used to determine economic injury for...
Days Receivable
A measure of the average time a...
Normal Annual Sales
Those sales that would have...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Credit Elsewhere Test (CET)
The test to determine the...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Analysis
Measures the effects of...
Affiliated Group
When two or more...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Working Capital (WC)
The amount of current assets that...

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