Manufacturing businesses, as well as not-for-profit organizations. Capital expenditures for businesses (excluding not-for-profits) are not to exceed $20 million.

• Land Acquisition
• Land Improvements
• Building Acquisition
• Building Construction
• Building Renovation
• Machinery and Equipment
• Related Soft Costs

All of Oakland County except for those communities with active Economic Development Corporations.

Approximately $2 million to $10 million. (No limit for not-for-profits.)

Bank or public/private placements via an investment banking firm.

Varies by project.

Based on the borrower’s credit

Variable (can't be zero).

The assets being acquired, plus a bank letter of credit or other credit enhancement.

Front-end fees ranging from 2% to 3% of the bond amount. Some of the fees may be financed.

90 to 120 days from application.

• Very attractive interest rates.
• Up to 100% financing.
• Can include financing needs over a 3-year period.