The Economic Injury Disaster Loan (EIDL) is a financial assistance program offered by the Small Business Administration (SBA). It is designed to help small businesses and non-profit organizations that have suffered economic losses due to disasters, such as the COVID-19 pandemic. The loans can be used to cover operating expenses, payroll, and other essential costs. EIDL loans typically offer low-interest rates and long repayment terms, making them accessible for struggling businesses. Eligible applicants can receive up to $2 million, depending on their economic injury and needs. The program aims to support recovery and stability in affected communities.