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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
Featured Government Grant Resources
Federal and State Technology Partnership Program
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.
Program for Investment in Micro-Entrepreneurs Technical Assistance
The Program for Investment in Micro-Entrepreneurs Technical Assistance Program is designed to decrease the number of disadvantaged micro-entrepreneurs by helping them enhance their management capabilities, by way of providing them with technical assistance and training in the areas concerning activities that are associated with starting, expanding and growing their businesses.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
