CEED® Lending

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                    Call (248) 460-3973 to start an application

The CEED® Small Business Loan Program'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

  151
 142
 $1,226,700
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 1 year old)
  • A $75 non-refundable application fee is required
  • If requesting more than $20,000 you will be required to self-certify that you cannot secure funding from traditional sources -a No Credit Elsewhere form can be provided for your convenience
  • Be current on all federal debt including student loans, child support and taxes

For a full list view the CEED Lending Checklist


Loan Terms

Length
Interest
Collateral
Business Assistance

Oakland County Revolving Loan Fund - Open Now!

Signing PapersThe 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 about the Oakland County Revolving Loan Fund


Additional Resources