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Financial Services
Phone: 248-858-0765
Mon-Fri  8:30am-5:00pm

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Funding Sources

Business Funding Programs and Loans

This program provides small and medium sized businesses with long-term fixed rate financing for the acquisition or construction of fixed assets.

Tax Exempt Bond Programs
These are extremely low interest financing for fixed assets ranging up to $10 million. They can be used for manufacturing and Non-Profit 501(c)(3) corporations' projects.

Microloan Program
To assist startup and expansion of a business. Microloans may be used for equipment, inventory, supplies and some working capital.

Capital Access Program (download factsheet)

This program uses small amounts of public resources to generate private bank financing, providing small Michigan businesses access to bank financing that might not otherwise be available.

Michigan Pre-Seed Capital Fund
The Michigan Pre-Seed Capital Fund was established to support high-tech startup companies as they near commercial viability. The purpose of the fund is to provide access to capital at an early stage of development and to position the company for external investment.

SBA 7(a) Loan Program
The Small Business Administration (SBA) provides a repayment to banks making loans under this program. This allows the lender to recover a portion of what it lent from the SBA if the borrower can't make the payments. The borrower is still obligated for the full amount. The reduced risk permits lenders to give small business owners access to the same kinds of reasonably priced, long-term financing available to large businesses.

Loans for Individuals

Home Improvement Loan Program
Oakland County's Home Improvement Loan Program is designed to improve the condition of existing housing. With a no cost, deferred, no-interest loan, residents can:
  • Make needed repairs
  • Maintain or increase property value
  • Decrease utility costs
The Neighborhood Stabilization Program (NSP) provides loans to homebuyers purchasing vacant foreclosed single family homes, located within select participating communities. These loans help provide homebuyers assistance with the following:
  • Closing costs
  • Pre-paids
  • Reasonable discount points
  • Home improvements
  • Financing associated with purchasing vacant foreclosed single family homes

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