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.
Business Activity
The business (or loss) activity of...
S-Corporation
A form of corporation, allowed by...
Best and Final Offer
For negotiated procurements...
Break-even Analysis
A calculation of the approximate sales...
GPM%
The measure of every sales dollar left...
Defense Contractor
Any person who enters into...
Small Business
A business smaller than...
Trend Analysis
A comparative analysis of...
Subsidiary
A company for which a majority of the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Assets
The amount of current assets that is left...
Normal Annual Sales
Those sales that would have...
Emerging Small Business
A small business concern whose...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Applicant/Co-Applicant
Business entity and person requesting...

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