🏢 EIDL Calculator
Calculate Economic Injury Disaster Loan
Total gross revenue for the applicable period
Cost of goods sold (for calculating economic injury)
How to Use This Calculator
Enter Gross Revenue
Input your business's gross revenue for the applicable period. This is used to calculate economic injury and potential loan eligibility.
Enter Cost of Goods Sold (Optional)
Enter your cost of goods sold if applicable. Economic injury is calculated as gross revenue minus COGS. If you don't have COGS, leave it blank or enter 0.
Review Results
See the calculated maximum loan amount, emergency advance amount, and economic injury. Note that the EIDL program has ended, so this is for reference only.
Formula
Economic Injury = Gross Revenue - Cost of Goods Sold
Maximum Loan = Min(Economic Injury × 2, $2,000,000)
Example Calculation:
If gross revenue $500,000, COGS $300,000:
• Economic injury = $500,000 - $300,000 = $200,000
• Maximum loan = Min($200,000 × 2, $2,000,000) = $400,000
• Emergency advance: $10,000 (grant, didn't need repayment)
About EIDL Calculator
The Economic Injury Disaster Loan (EIDL) was a program offered by the U.S. Small Business Administration (SBA) to help small businesses recover from economic injury caused by disasters. The EIDL program provided low-interest loans to small businesses, and also offered emergency advance grants (up to $10,000) that did not need to be repaid. This calculator helps you understand how EIDL loan amounts were calculated based on economic injury. Note that the EIDL program has ended, so this calculator is for reference purposes only.
When to Use This Calculator
- Historical Reference: Understand how EIDL loans were calculated
- Economic Injury Calculation: Calculate economic injury for disaster relief
- Business Planning: Understand disaster loan eligibility criteria
- Educational Purpose: Learn about disaster loan programs
Understanding EIDL
- Economic Injury: Loss of revenue due to disaster
- Loan Amount: Based on economic injury, capped at $2 million
- Interest Rate: Low fixed rates (typically 3.75% for businesses)
- Emergency Advance: Up to $10,000 grant (didn't need repayment)
- Program Status: EIDL program has ended
Why Use Our Calculator?
- ✅ Historical Reference: Understand EIDL calculations
- ✅ Economic Injury: Calculate economic injury amount
- ✅ Loan Amount: See maximum loan eligibility
- ✅ Educational: Learn about disaster loan programs
- ✅ 100% Free: No registration or payment required
Frequently Asked Questions
What was the EIDL program?
The Economic Injury Disaster Loan (EIDL) was an SBA program that provided low-interest loans to small businesses affected by disasters. It also offered emergency advance grants up to $10,000 that didn't need to be repaid. The program has now ended.
How was EIDL loan amount calculated?
EIDL loan amounts were based on economic injury (gross revenue minus cost of goods sold). Maximum loan amounts were typically up to $2 million, calculated as 2x the economic injury amount, subject to SBA's assessment of the business's ability to repay.
What was the emergency advance?
The EIDL emergency advance was a grant of up to $10,000 (typically $1,000 per employee, up to $10,000) that was provided quickly to businesses. Unlike the loan, the advance did not need to be repaid, even if the business was later denied the loan.
Is the EIDL program still available?
The EIDL program has ended. This calculator is provided for historical reference and educational purposes only. For current disaster assistance programs, check the SBA website for available programs.