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.
Normal Annual Sales
Those sales that would have...
Contracting Officer
A person with the authority to...
Hardship Waiver
Method used to approve a...
Joint Venture
In the SBA Mentor-Protégé Program...
Trend Analysis
A comparative analysis of...
Applicant Individual
aka who is requesting an SBA loan...
Primary Activity
The major business activity of...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Current Assets
A balance sheet item which equals...
B/E (Business EIDL) Loan
A business loan that...
Subcontract
A contract between a prime cont...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Income Statement
Shows the entity’s income and...
Assets
The amount of current assets that is left...
SCORE
Counselors to America's Small Bus...

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