REI Oklahoma

What REI Oklahoma does

REI Oklahoma is a private nonprofit economic development organization headquartered in Durant, Oklahoma, with additional offices in Oklahoma City and Tulsa. Founded in 1982, the organization operates as a federally-designated Community Development Entity (CDE) and SBA-approved lender, providing capital, technical assistance, and homeownership support to entrepreneurs, small businesses, and homebuyers across all 77 Oklahoma counties. Its core product lines include Business Lending (SBA 504, Direct Loans up to $500K, USDA IRP loans up to $250K, Manufacturing Equipment Loans, Meat & Poultry Loans, and SBA Microloans up to $50K), the REI Home100 Program for down payment and closing cost assistance, New Markets Tax Credit (NMTC) administration through subsidiary REI Development Corp., and specialized business centers for women, minority, and Native American entrepreneurs.

The organization generates revenue through three primary streams: interest income on its business loan portfolio, fees associated with deploying New Markets Tax Credit allocations (cumulative authority of $435M since 2003, including a $55M CDFI Fund award in October 2022), and grants/donations from foundations and government programs. Pricing on the SBA 504 program was 6.116% effective rate as of June 2026. Distribution is delivered via a hybrid model combining direct lending through loan officers, an approved-lender network for the Home100 Program, and partnerships with banks (U.S. Bank, Arvest, SpiritBank), tribal nations (Chickasaw, Choctaw, Citizen Potawatomi), and federal agencies (SBA, USDA, EDA, CDFI Fund).

REI Oklahoma reports $1+ billion in cumulative economic impact and 4,100+ jobs created or retained since 2003. The organization is governed by a Board of Directors led by President & CEO Scott Dewald, with a 30+ person staff across lending, housing, IT, and business resources functions. Recent strategic activity includes the October 2022 $55M NMTC allocation and October 2025 board appointments adding expertise from electric cooperatives, community banking, and affordable housing.

Name

REI Oklahoma

Legal name

REI Oklahoma

Website

https://reiok.org

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

REI Oklahoma is a nonprofit economic development organization providing business lending, New Markets Tax Credits, homeownership assistance, and business counseling to entrepreneurs and homebuyers across all 77 Oklahoma counties from offices in Durant, Oklahoma City, and Tulsa.

Ownership category

akta.pro rank

Product category

Community Development Financial Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Grantmaking and Giving Services (81321)

SIC

Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industries

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI), Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE), Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Small business lending
• Homeownership assistance
• Economic development services
• Community development finance
• Business advisory services

Headquarters

HQ city

Durant

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Business Lending Interest Income: REI Oklahoma generates revenue through interest on business loans including SBA 504, Direct Loans, USDA IRP loans, Manufacturing Equipment Loans, Meat & Poultry Loans, and SBA Microloans. These loans provide flexible financing for Oklahoma entrepreneurs.
2. New Markets Tax Credits Administration: REI Oklahoma leverages New Markets Tax Credits to attract private investment into low-income communities. As a CDE (Community Development Entity), they deploy NMTC allocations to fill project financing gaps.
3. Grants and Donations: REI Oklahoma receives grant funding from organizations like the Women's Foundation of Oklahoma ($10,000 grant) and operates with patron support. They are a non-profit organization.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

REI Oklahoma is a nonprofit economic development organization that provides flexible financing programs (SBA 504, Direct Loans, USDA IRP, Manufacturing Equipment Loans, Meat & Poultry Loans, SBA Microloans) to Oklahoma entrepreneurs and down payment/closing cost assistance to homebuyers through its Home100 program. It also deploys New Markets Tax Credits to attract private investment into low-income communities and operates Women's, Minority, and Native American Business Centers offering training and counseling.

Product overview

REI Oklahoma is a nonprofit economic development organization offering a portfolio of financial and advisory products designed to expand economic opportunities for Oklahomans with limited access to resources. The core offerings include Business Lending (featuring SBA 504, Direct Loans, USDA IRP, Manufacturing Equipment Loans, Meat & Poultry Loans, and SBA Microloans), the REI Home100 Program for homeownership assistance, New Markets Tax Credits, and specialized centers for Women, Minority, and Native American business owners. Business Resources provides complementary training and guidance services. These products work together to serve entrepreneurs and homebuyers across Oklahoma's 77 counties.

Differentiator

Problem solved

Functional benefit

Brands

• Women's Business Center: Oklahoma's only statewide Women's Business Center, providing quality training, business counseling, access to capital and technical assistance for women entrepreneurs
• Minority Business Center
• REI Home100 Program
• REI Development Corp.
• REI New Markets Investment, LLC

Products and services

• Business Lending Program Flexible financing programs for Oklahoma entrepreneurs, including SBA 504, Direct Loans, USDA IRP, Manufacturing Equipment Loans, Meat & Poultry Loans, and SBA Microloans, designed for those who may have been turned down by traditional lenders.
• SBA 504 Program Long-term, fixed-rate financing for owner-occupied real estate, buildings, construction, and major equipment purchases through SBA's 504 loan program.
• Direct Loans Flexible loans ranging from $1,000 to $500,000 for construction, renovations, equipment, inventory, and working capital needs of Oklahoma businesses.
• USDA Intermediary Relending Program Affordable financing up to $250,000 for community development, new businesses, and job creation in rural Oklahoma counties.
• Manufacturing Equipment Loan Program Financing from $10,000 to $250,000 for new or upgraded manufacturing equipment, installation, and technology integration.
• Meat & Poultry Loan Program Financing for Oklahoma meat and poultry processors to invest in equipment, facilities, and upgrades.
• SBA Microloan Loans up to $50,000 for startup and existing businesses to invest in equipment, inventory, or working capital.
• REI Home100 Program Down payment assistance and closing cost support for Oklahoma homebuyers through partnerships with approved lenders, helping working families achieve homeownership.
• New Markets Tax Credits Federal tax credit program administered by REI Oklahoma that provides investors with 39% federal income tax credits for investments into qualifying businesses in low-income communities.
• Business Resources Expert guidance, training, and tools for entrepreneurs covering business planning, marketing, finance, and government contracting support, delivered through workshops and one-on-one counseling.
• Women's Business Center Oklahoma's only statewide Women's Business Center providing quality training, business counseling, access to capital, and technical assistance for women entrepreneurs.
• Minority Business Center Professional business consulting services and technical assistance to help minority-owned entrepreneurs manage, sustain, and grow their businesses, including 8(a) and HUBZone certification guidance.
• Native American Business Center Business assistance for Native American entrepreneurs, including 8(a) certification guidance and business development support.

Quantifiable outcome

• $1+ billion in total economic impact on Oklahoma's economy
• +2 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Stillwater MedicalminorStrategic or Co-development PartnerStillwater Medical partnered with REI Oklahoma as hospital operations management partner for Blackwell Hospital, enabling continued healthcare services in the region.
• Oklahoma Small Business Development Center (SBDC)coreChannel Partner/ Reseller/ DistributorOK SBDC provides free, one-on-one business support statewide and is a resource partner for Oklahoma entrepreneurs.
• SCOREcoreChannel Partner/ Reseller/ DistributorSCORE provides experienced mentors for business counseling at no cost and is a resource partner for Oklahoma entrepreneurs.
• Oklahoma Manufacturing AlliancecoreChannel Partner/ Reseller/ DistributorNetwork of trusted experts who partner with manufacturers to help them succeed, aligned with REI's manufacturing loan programs.
• Oklahoma Center for the Advancement of Science and Technology (OCAST)minorChannel Partner/ Reseller/ DistributorOCAST powers the Oklahoma Commercialization Network (OCN) that collaborates with REI on events like virtual business plan workshops.

Scale indicators12 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• The Progress Fund: Rural-focused CDFI providing small business loans and rural entrepreneurship support in the Mid-Atlantic and Appalachia. Highly comparable on rural-lending specialization, USDA/government-backed product mix, and mission-driven community development model.
• DreamSpring: Southwest regional CDFI providing SBA microloans, business coaching, and loans to underserved business owners in Texas, New Mexico, and surrounding states. Mirrors REI's model of combining government-backed small business lending with counseling and minority/women business support.
• Coastal Enterprises Inc (CEI): Maine-based nonprofit CDFI providing small business loans to underserved communities in rural New England. Operates a comparable multi-product lending platform serving underbanked entrepreneurs and community development projects.
• TruFund Financial Services: Southern CDFI providing SBA microloans and direct loans to small businesses and nonprofits in low-income communities across multiple states. Directly comparable on loan product mix, target borrower profile (those turned down by traditional lenders), and program model.
• LiftFund: Texas-headquartered nonprofit CDFI providing SBA microloans, direct loans, and business training to underserved entrepreneurs across the Southwest. Operates an almost identical product stack to REI Oklahoma (small business lending, training, capital access) with geographic overlap in adjacent states.
• Communities Unlimited: Nonprofit CDFI providing small business lending, technical assistance, and community development services across southern states including Oklahoma-adjacent regions. Compares on rural/Southern geographic focus and multi-state small business lending model.
• National Development Council (NDC): National nonprofit providing SBA loans, USDA IRP loans, and economic development financing to small businesses and rural communities across multiple states. Directly mirrors REI's SBA 504, USDA IRP, and microloan mix with a national footprint.

Others

• Opportunity Finance Network: National industry body and CDFI membership association providing capital, research, and policy support to CDFIs like REI. Relevant as ecosystem/industry infrastructure connecting REI to funding, peer benchmarking, and CDFI Fund advocacy.

Emerging players

• Native Community Capital (Native CDFI Network affiliates): Native-led CDFIs specializing in financing Native American-owned businesses and tribal economic development. Relevant as competitor/partner for REI's Native American Business Center and tribal-nation NMTC work, though narrower in borrower scope.

Broad incumbents

• JPMorgan Chase Community Development Banking: Large bank's community development and SBA lending arm serving small businesses and nonprofits nationwide with CDFI-aligned programs. Comparable on SBA 504 and government-backed lending products but as a small slice of a much broader balance-sheet strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@REIofOK
• Facebookfacebook.com/REIOklahoma
• LinkedInlinkedin.com/company/reioklahoma
• Instagraminstagram.com/rei_oklahoma
• Xx.com/REIOK

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REI Oklahoma