SBA Small Business Loans (BFC)

Dear BFC Clients,

**Update: Due to depleting fund allocation, SBA has ruled that only 2 months will be covered by the CARES Act. The covered months are now reduced to February and March, with regular payment debits or payment wires starting back up on April 1, 2021.**

SBA 504 payments for our current clients in Regular Servicing are eligible for an additional 2 months of limited payment relief. The months included in the legislation are February and March 2021. We have contacted each Borrower individually, as your individual loan may have special requirements.

For new applicants, you may be eligible for limited fee relief.

If you have any questions, please contact us at 248-858-0765.

Sincerely,
Oakland County Business Finance Team

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February Rates

25-Year Debenture: 2.60%
20-Year Debenture: 2.56%
10-Year Debenture: 2.45%

We are “open” and available to discuss new projects.

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