Oakland County Loan Program
The Oakland County Small Business Loan Program was created through a partnership between Oakland County, the Oakland County Economic Development Corporation (EDC), CEED Lending and the U.S. Small Business Administration.
The Oakland County Loan Program has provided $1,132,500 in loans – creating 142 jobs and retaining 151 more.
Loans up to $50,000 are geared towards small businesses that are unable to get financing from traditional sources. The loan can be used for equipment, inventory, supplies and some working capital.