Financial Programs

IRBs are Tax-Exempt Bonds issued by the Oakland County Economic Development Corporation to finance:

Land acquisition	Building renovation
Land improvements	Machinery and equipment
Building acquisition	Related soft costs
Building construction

Not-for-Profit Tax Exempt Qualified 501(c)(3) Bonds Fact Sheet (file size 34k)

Private Activity Bond Fact Sheet (Commercial and Manufacturing Projects) 
       (file size 34k)

The Oakland County Economic Development Corporation (OCEDC) was established in 1980 under Act No. 338 of the Michigan Public Acts of 1974, as amended, the Economic Development Corporations Act, in order to stimulate business capital investment, contribute to the areas employment, increase local tax base, and provide needed public services.

The SBA 504 loan program (fact sheet file size 99k) provides viable small and medium size businesses with long-term fixed rate financing for the acquisition or construction of fixed assets.

BFC Sample Projects 

Historical Rates (file size 13k)
SBA 504 Loan Program Fact Sheet (file size 99k)

The Oakland County Business Finance Corporation

The Oakland County Business Finance Corporation (OCBFC)was certified under the Small Business Administration's (SBA) Certified Development Company program in September, 1982. The OCBFC acts as an agent to analyze, package and submit loan requests under the SBA 504 loan program. The OCBFC also acts as the serviceing agent for the approved loans. The purpose of the OCBFC is to stimulate the growth and expansion of business in Oakland County.