Frequently Asked Questions
____________________________________________________________________________________________
Questions
- What does MetaFund do?
- How can MetaFund help your community?
- Is MetaFund a grant maker?
- Does MetaFund make consumer loans?
- How do I know if my business qualifies for MetaFund's investment capital?
- What does MetaFund do with dividends, royalties or profits from investments?
- Will MetaFund help me develop or create my business plan?
- How is MetaFund different from other venture capital firms?
Answers
- What does MetaFund do?
-
MetaFund invests in projects and businesses that create quality jobs, affordable housing, and other direct benefits to disadvantaged individuals and distressed geographic areas. Current and historical equity investments range from technology start-ups to multi-family real estate rehabilitation.
- How can MetaFund help your community?
-
Whether it’s a start-up company, an expansion of an existing company, a company for sale, or a company with operating losses or insufficient working capital, MetaFund can invest in it – and make an unbankable deal bankable, help turn around a troubled company, or help a community recruit or keep a valued employer.
- Is MetaFund a grant maker?
-
Although MetaFund is a 501(c)(3) non-profit, it does not make grants. Its non-profit status is due to its community development mission and other technical reasons.
- Does MetaFund make consumer loans?
-
MetaFund does not make consumer loans of any kind.
- How do I know if my business qualifies for MetaFund's investment capital?
-
In general, an investment will be "mission-qualifying" if it does one of the following three things:
1) Creates or retains jobs for targeted, at-risk individuals or for distressed geographic areas
2) Creates or rehabilitates quality, affordable housing
3) Creates a direct benefit to Oklahoma's citizens or an Oklahoma community
Before you pre-judge your project's eligibility, call MetaFund at (405) 949-0001 and we'll help you determine the qualifications.
- What does MetaFund do with dividends, royalties or profits from investments?
-
Because of its non-profit status, MetaFund's income goes back directly into the pool of funds that is used to invest in qualifying business and projects. MetaFund has a streamlined staff of five employees in one office to keep operating costs low.
- Will MetaFund help me develop or create my business plan?
-
MetaFund does not have the capacity to help you develop or create your business plan; however, we consistently refer potential applicants to the Oklahoma Small Business Development Center and local SCORE locations for assistance.
The "Submit a Project" page contains a list of items MetaFund expects to receive in a business plan.
- How is MetaFund different from other venture capital firms?
-
MetaFund's community development emphasis sets it apart from typical venture capital (VC) firms. In addition to that, MetaFund's investment horizon can stretch beyond the standard VC timeline. MetaFund's priority is seeing its mission fulfilled through viable, long-term investments.
- Does MetaFund compete with banks?
-
No, MetaFund does not compete with banks. If a current or prospective loan applicant satisfies a bank's existing requirements and metrics, MetaFund will not entertain a proposal. MetaFund is only interested in partnering with banks on loans or investments that require additional equity.
- How does MetaFund structure its equity into a deal with a bank partner?
-
MetaFund's investment will almost always be in the form of equity or near-equity, but MetaFund will entertain any proposal or referral from an Oklahoma banking institution.
- Does MetaFund require a bank partner on a referral?
-
A bank's involvement is not required on a referral. If a loan applicant's situation is beyond your bank's lending standards, MetaFund is interested in hearing about that applicant. MetaFund will always offer the referring bank partner the right of first refusal to participate in a deal, but it is not required as part of MetaFund's investment.