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MetaFund's broad mission as a non-profit, well-capitalized Community Development Financial Institution (CDFI) is the facilitation, development, and financing of Oklahoma businesses and community development projects. MetaFund has 21 investors that are Oklahoma banks and more than 100 non-profit and government-related partners. Banks receive Community Reinvestment Act credit for investments and loans in, to, and through the corporation. MetaFund also is a Collaborative Community Development Merchant Banking Venture Capital Financial Institution (CCDMBVCFI) and an Oklahoma non-profit 501(c)(3) corporation with $10 million in capital. MetaFund makes loans and investments in financially viable projects and companies that provide jobs, housing, or other direct benefits to underserved people or distressed places throughout Oklahoma. Although MetaFund usually partners with banks, it can use investment and venture capital structures that banks cannot use by themselves, such as convertible debt, convertible preferred stock, direct equity investments, and revenue sharing (royalty) agreements. Included in MetaFund's loan/investment portfolio are infill housing, numerous small businesses, and several start-up companies. MetaFund is able to invest in both start-ups as well as entities in a more mature life cycle phase. Businesses and projects must, however, be both financially viable, and meet MetaFund's mission qualification of providing benefit to underserved demographics or geographies. MetaFund has facilitated over $300 million of financing to support underserved communities. These investments have contributed to significant impacts including the creation of over 5,000 jobs
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