SBA Small Business Loans (BFC)

Oakland County Stabilization Fund

Oakland County Executive David Coulter and the Oakland County Board of Commissioners joined together to create the Oakland County small business stabilization fund to provide immediate help for small businesses impacted by the COVID-19 pandemic. The $3 million fund is made possible by $1.85 million from Oakland County and $1.15 million grant from the Michigan Economic Development Corporation’s Small Business Relief Program. The grant will assist qualifying small businesses with up to $10,000 to help offset losses or expenses resulting from the coronavirus emergency.

The application process is now closed

More information is available at: Oakgov.com/COVID

Dear BFC Clients: The federal CARES Act includes SBA 504 loan payment forgiveness for a 6-month period.
We will notify you once the procedure is finalized.

We wish health and safety to all.

Sincerely,

Oakland County Business Finance Team

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March Rates

25-Year Debenture: 2.88%
20-Year Debenture: 2.81%
10-Year Debenture: 2.85%

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.

Oakland County BFC has funded 500+ loans in 13 counties.

Oakland County BFC serves all of Michigan. We have funded 500+ loans in 13 counties.

Clients Served

BFC Highlights

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.

For information on our Corporation Tax-Exempt Revenue Bond Program