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.
Capital Leases
are for the purchase of fixed assets such as...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Affiliates
Business concerns, organizations, or...
Trend Analysis
A comparative analysis of...
Days Receivable
A measure of the average time a...
Acquisition
The acquiring of supplies or...
Adjusted Net Worth
Post disaster fair market value of tangible...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Applicant Individual
aka who is requesting an SBA loan...
B/E (Business EIDL) Loan
A business loan that...
Contract
A mutually binding legal rel..
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Business Activity
The business (or loss) activity of...
Defense Contractor
Any person who enters into...
Mentor
A business, usually large, or...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.