Thursday, February 1, 2007

REI State's Top Development Company


Durant-based Rural Enterprises Inc. is the state's top certified development company for 2006, the U. S. Small Business Administration reports. REI is headed by Tom Seth Smith (pictured). Last year, REI helped secure more than $47 million in small business financing.
REI's top certification involves the federal 504 loan program which provides guaranteed loans to provide fixed-rate financing for property and/or equipment.
Last year, REI expanded its Women's Business Center, holding 35 workshops in 16 cities. The Small Business Administration has increased funding for women businesses; that will allow REI this year to take its services across the state.

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