SBA Small Business Loans

Find the Funding You Need

October Rates
4.51% 20-Year Debenture 4.47% 10-Year Debenture


​SBA 504 ​Loan Program - Statewide Financing Available for Buildings & Equipment


The Oakland County Business Finance Corporation (BFC), certified by the U.S. Small Business Administration (SBA) since 1982. The BFC is a proven and reliable partner with the SBA, lenders and businesses.  The BFC's non-profit mission is to help businesses expand and stimulate economic growth in the community.


Eligible Businesses
  • Owner-occupied, financially stable, for profit businesses in Michigan
  • Net worth of less than $15 million
  • Average annual net profit (after tax) of less than $5 million

Eligible Projects

  • Land acquisition and improvements
  • Building acquisition, construction, and renovation
  • Related soft costs
  • Refinancing

Loan Amount

Approximately $150,000 to $13 million. SBA maximums are $5 million for regular loans and $5.5 million for manufacturing and energy loans.  Typically 40% from the SBA and 50% from a local bank.

Terms

The SBA portion is 10 or 20 years, and the bank portion in 7 or 10 years.

Down Payment

10% of project costs (15-20% for special purpose buildings or start-ups).

Collateral

The assets being acquired, plus a personal guarantee by business owners.

Fees

Program fees can be financed.


​Program Videos


Program Publications

The SBA 504 Loan Program provides qualified small and medium size businesses with long-term, fixed-rate financing for the acquisition or construction of fixed assets. BFC is a proven and reliable partner with the SBA, lenders, and businesses. BFC's non-profit mission is to help businesses expand and grow and stimulate economic growth in the community.

Oakland County Business Corporation
​​​​​​Find the funding you need. Call us today at 248-858-0765​