SBA 504 Loan Program
This program provides small and medium sized businesses with long-term fixed rate financing for the acquisition or construction of fixed assets.
Industrial Development Revenue Bonds (IRB)
These are extremely low interest financing for fixed assets ranging up to $10 million. They can be used for manufacturing and not-for-profit corporations' projects.
Contact Information
Oakland County Financial Services Group
248-858-0765
This program uses small amounts of public resources to generate private bank financing, providing small Michigan businesses access to bank financing that might not otherwise be available.
Companies either doing business in Michigan or those contemplating a significant investment in Michigan may be eligible for loans to purchase machinery and equipment or to acquire/remodel buildings. Loan amounts are linked to the number of jobs created by the applicant.
The Michigan Pre-Seed Capital Fund was established to support high-tech start-up companies as they near commercial viability. The purpose of the Fund is to provide access to capital at an early stage of development and to position the company for external investment.
This Small Business Administration (SBA) program provides a repayment to banks making loans under this program. This allows the lender to recover a portion of what it lent from the SBA if the borrower can't make the payments. The borrower is still obligated for the full amount. The reduced risk permits lenders to give small business owners access to the same kinds of reasonably priced, long-term financing available to large businesses.
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