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REI New Markets Investment, LLC
Durant OKCDFI Awards for REI New Markets Investment, LLC
NMTC (2005) - $56,000,000
REI New Markets Investment, LLC (LLC) will use its NMTC Allocation to provide three principal financial products: (1) a gap financing debt product of up to $2 million to larger scale businesses; (2) a more traditional debt instrument through which the LLC provides loans of up to $15 million to start-up or non-traditional businesses that are unable to secure conventional financing; and (3) an equity product targeted to start-up and expanding businesses. The NMTC allocation will enable REI to expand its work providing flexible debt financing and equity capital investments to qualified businesses operating throughout the state of Oklahoma. Particular focus is placed on businesses in rural communities that will create jobs and generate economic growth in the state.
NMTC (2002) - $80,000,000
REI will use its NMTC allocation to support: 1) a gap-financing loan product for small businesses; 2) a traditional debt financing product for businesses that can"t access bank financing; and 3) an equity fund for investments in start-up and expanding businesses. The Allocatee indicates that it would not have been able to offer an equity product without the availability of the NMTC allocation.
Other Community Development Financial Institutions in Oklahoma
Chickasaw Banc Holding Company
Oklahoma City
MetaFund Corporation f.k.a. Oklahoma MetaFund CDC
Oklahoma City
MetaMarkets OK, LLC.
Oklahoma City
Neighborhood Housing Services of Oklahoma City, Inc.
Oklahoma City
New Markets Redevelopment, LP
Oklahoma City
Osage Nation
Pawhuska
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