Oakland County, Michigan/Advantage Oakland/Business/Business Loans/CEED® Lending

CEED® Lending

                    Call (248) 460-3973 to start an application
​The CEED® Small Business Loan Progra​m's​ (Formerly Microloan Program) CEED® Loans are available for start-up and business expansion equipment, inventory, supplies and some working capital. The CEED® Small Business Loan Program was created through a partnership between Oakland County, Center for Empowerment & Economic Development (CEED®) and the U.S. Small Business Administration.​

 Since program inception:

 
 
 $,,
Jobs Retained  
 Jobs Created
   In Investments

 Applicant Requirements
  • Business must be located in Oakland County
  • Complete a loan application and submit supporting documentation (help can be provided)
  • Have a business plan (for businesses less than 2 years old)
  • A $75 non-refundable application fee is required
  • Demonstrate the inability to obtain credit (financing) from a traditional lending source.
  • Be current on all federal debt including student loans, child support and taxes

 Loan Terms

Oakland County Revolving Loan Fund - Open Now!

 Business Loan The Oakland County Revolving Loan Fund was created to provide gap financing to businesses negatively affected by COVID-19.

Its primary focus will be small businesses owned by minorities, women or located in an economically disadvantaged areas. However, all Oakland County small businesses will be welcome to apply.

Learn More

 Additional Resources