The Economic Development Administration awarded a $3.3 million Project Grant to Southwest Intermediary Finance Team, Inc. on March 29, 2022 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program. The funding will capitalize a $2.7 million revolving loan fund to provide access to capital for small businesses and entrepreneurs in 24 counties across central and western Oklahoma impacted by the COVID-19 pandemic. An additional $300,000 will help administer the revolving loan fund. By lending to borrowers, the revolving loan fund aims to promote job creation and retention, attract private investment, and bolster economic resiliency throughout the region as authorized under the EAA program.