Financial Services Group

The Oakland County Economic Development Corporation (OCEDC) and the Oakland County Business Finance Corporation (OCBFC) are administered by the Financial Services Group of the County's Planning & Economic Development Services (PEDS) division.

The OCBFC helps businesses obtain fixed asset financing at favorable rates through the U.S. Small Business Administration (SBA) 504 loan program. The SBA 504 lending program provides expanding businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings and equipment. Projects range in size from $150,000 to $10 million.

Manufacturing companies and non-profit organizations can finance projects with low-interest Industrial Revenue Bond (IRB) loans available through Oakland County's Economic Development Corporation (OCEDC). These bonds offer small to medium sized manufacturers and not-for-profit organizations the opportunity to finance the acquisition of fixed assets at extremely favorable interest rates. The bond amounts range from $1 million to $10 million (no limit for not-for profit) and offer terms of up to 30 years.

For more information, contact Oakland County Financial Services Group at 248-858-0765.