Oakland County, MI
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Contact Info
Business Development
248-858-0720
businessdevelopment@oakgov.com
Building 41 West
Waterford, MI 48328
Grants and Loans
Oakland County Business Loans
Oakland County has multiple loan programs. Learn which program works best for you.
- CEED Lending
- Oakland County Revolving Loan Fund
- Business Finance Corporation (BFC)
- The Oakland County Economic Development Corporation (EDC)
- PACE Financing
Industry 4.0 Technology Implementation Grant
MEDC’s Industry 4.0 grant program will provide 50% reimbursement for qualifying I4.0 technology costs up to $25,000.
Small Business Grants for Women
Although women-owned businesses are on the rise, female entrepreneurs and small-business owners still face more bias and higher barriers to success than their male counterparts typically experience.
One of the biggest challenges for women business owners is the gender gap in funding. Dun & Bradstreet has curated a comprehensive list of small business grants to help women entrepreneurs and business owners bring their vision to life and grow their businesses.
Verizon Small Business Digital Ready Grant
Our program helps small businesses thrive by offering free and quick online business courses on marketing, finance, efficiency and more, as well as networking and expert coaching.
Grant application is now open. Register for Digital Ready, complete any combination of two courses, coaching events, and community events, and apply by May 12, 2023.
SSBCI 2.0 Funding Available for Small Businesses
High-Tech Startups Michigan is deploying the first round of State Small Business Credit Initiative (SSBCI) 2.0 funding from the U.S. Department of Treasury. Through this initial round of funding, up to $72 million will be available to support loans to small businesses through the MEDC loan enhancement programs, and equity investments for early-stage, technology-based businesses in Michigan as part of the Small Business Venture Capital Program. Within the next 60 days, funding will also be available for loans of $250,000 or less for small businesses, with a focus on businesses owned by socially and economically disadvantaged individuals, or businesses with fewer than 10 employees. Loans and equity investments under SSBCI 2.0 will be issued through lenders, not through the MEDC directly.
Michigan Defense Center's "CyberSmart" DoD Cybersecurity Compliance Grant Program
Michigan is deploying the first round of State Small Business Credit Initiative (SSBCI) 2.0 funding from the U.S. Department of Treasury. Through this initial round of funding, up to $72 million will be available to support loans to small businesses through the MEDC's SSBCI 2.0 Access to Capital programs, including the Collateral Support, Loan Participation, Loan Guarantee, and Capital Access programs, and equity investments for early-stage, technology-based businesses in Michigan as part of the Small Business Venture Capital Program.
New SSBCI 2.0 funding opportunities will be available within the next 60 days for small businesses owned by socially and economically disadvantaged individuals (SEDI and to businesses having 10 or fewer employees, seeking loans of $250,000 or less. Loans and equity investments under SSBCI 2.0 will be issued through lenders, not through the MEDC directly. MEDC is currently in the process of identifying lenders to support these businesses. Interested lenders should contact MEDC’s Access to Capital at businessloans@michigan.org for more information.
Interested venture funds should visit michiganbusiness.org/sbvcp/ for more information or may direct any questions to SBVCP@Michigan.org. Applications will be accepted by the MEDC during a three-year open period or until the budget is exhausted. Recommendations for awards will be submitted to the MSF Board for approval.
To learn more about how MEDC works to increase the availability of capital for Michigan companies at every stage of development, visit michiganbusiness.org/access-capital.
Michigan Economic Development Corporation Capital Access
The Capital Access Program supports Michigan's small businesses by working directly with lending institutions who in turn provide traditional financing and access to capital to small businesses.
U.S. Small Business Administration COVID-19 Relief
Provided below is a list of COVID-19 relief options offered by the U.S. Small Business Administration (SBA).
MI Occupational Safety & Health Administration
MIOSHA offers two grant programs — Consultation Education and Training (CET) Grants and MIOSHA Workplace Improvement to Safety and Health (MIWISH) Grants to help organizations improve workplace safety and health through trainings and equipment. Find out how you can take advantage of MIOSHA grant funding to create a safer, more healthful workplace.
COVID-19 Support Map
To learn more about past grants offered by Oakland County and to see their impact on the community, view the COVID-19 Support Map.