The COVID-19 RLF provides immediate assistance to existing businesses impacted by, or new businesses developed as a result of, COVID-19. The intent of the loans is to save existing jobs or create new jobs within the EDA COVID RLF service area. The Northeast Texas Economic Development District, Inc. (NETEDD) has been approved by the Economic Development Administration (EDA) to administer these funds in the amount of $500,000. The COVID-19 Revolving Loan Fund Guide can be found here. The application form can be found here. The loan has the following loan terms: