Business Loans

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Project: Ultimate Soccer Arena, Pontiac | Total Project: $8,209,407 | Bank: Lake Trust Credit Union | Jobs Created/Retained: 29

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CEED Lending
CEED Lending
USE OF FUNDS Equipment, machinery, inventory, minor leasehold
LOAN AMOUNT
Up to $50,000
TERMS
Up to 6 years
RATE
Fixed at closing

Oakland County Revolving Loan Fund

Oakland County Revolving Loan Fund
USE OF FUNDS Working capital, fixed assets, building improvements, inventory
LOAN AMOUNT
$50,000 to $200,00
TERMS
5-10 years
RATE
Fixed at closing



Business Finance Corporation (BFC)
The Oakland County
Business Finance Corporation (BFC)
USE OF FUNDS 
  • Fixed assets
  • Building improvements,
    construction, renovation,
    acquisition and related soft costs
  • Land acquisition and improvements
  • Machinery and equipment
  • Refinancing
LOAN AMOUNT
$250,000 to $13 million
TERMS
5,10, and 25 years
RATE
Fixed at closing
BORROWER EQUITY
10%

The Oakland County Economic Development Corporation (EDC)
The Oakland County Economic Development Corporation (EDC)
USE OF FUNDS Non-profit and manufacturing entities fixed assets financing
LOAN AMOUNT
$2 million to $10 million
TERMS
Varies by project.
RATE
Varies