Lenders › Oakland County Business Finance Corporation
504 CDCWaterford, Michigancertified development company97th of 182 by approvals
Oakland County Business Finance Corporation
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Oakland County Business Finance Corporation (Waterford, Michigan) is a certified development company (CDC) that makes SBA 504 loans, 97th of 182 by approvals in FY2021 to FY2025: 64 loans worth $52.1M.
In FY2025, the latest complete fiscal year, it had 15 approvals totalling $12.7M. FY2026 to 30 Jun 2026 adds 3 more.
The median approval was $507K, against $657K for the 504 program as a whole; 3.1% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 2 states and territories and 11 counties, led by Michigan (98.4%) and Kentucky (1.6%). The largest industry group was manufacturing at 14.1% of approvals, and 1.6% of approvals were to franchise businesses.
Of 233 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (0.9%), 116 as paid in full and 115 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 3 | $3.8M | $366K | $1.3M | 68 |
| FY2025 | 15 | $12.7M | $637K | $845K | 236 |
| FY2024 | 7 | $7.0M | $424K | $998K | 72 |
| FY2023 | 11 | $8.6M | $521K | $779K | 299 |
| FY2022 | 18 | $9.9M | $446K | $553K | 331 |
| FY2021 | 13 | $13.9M | $701K | $1.1M | 500 |
| FY2020 | 18 | $9.9M | $358K | $550K | 411 |
| FY2019 | 12 | $7.3M | $547K | $605K | 218 |
| FY2018 | 16 | $14.7M | $742K | $919K | 499 |
| FY2017 | 23 | $14.0M | $421K | $609K | 688 |
| FY2016 | 21 | $15.9M | $436K | $757K | 451 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 90 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Michigan | 504 program |
|---|---|---|---|
| Approvals in these years | 277 | 2,551 | 85,591 |
| Cancelled or never disbursed | 44 | 379 | 12,514 |
| Disbursed loans | 233 | 2,172 | 73,077 |
| Paid in full | 116 | 1,118 | 35,491 |
| Charged off | 2 | 21 | 905 |
| Still outstanding (status exempt from disclosure) | 115 | 1,033 | 36,681 |
| Charged off, share of disbursed loans | 0.9% | 1.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.5% | 0.7% | 0.9% |
| Dollars charged off | $595K | $8.3M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 11 | 0 | 0 | — | 0.1% |
| FY2020 | 16 | 3 | 0 | — | 0.1% |
| FY2019 | 6 | 1 | 0 | — | 0.3% |
| FY2018 | 12 | 3 | 0 | — | 0.4% |
| FY2017 | 16 | 5 | 0 | — | 0.8% |
| FY2016 | 18 | 5 | 0 | — | 1.0% |
| FY2015 | 14 | 5 | 0 | — | 1.2% |
| FY2014 | 27 | 17 | 1 | — | 1.3% |
| FY2013 | 34 | 22 | 1 | 2.9% | 1.4% |
| FY2012 | 39 | 30 | 0 | 0.0% | 2.0% |
| FY2011 | 22 | 14 | 0 | — | 2.1% |
| FY2010 | 18 | 11 | 0 | — | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $507K | $657K |
| Average approval | $814K | $1.0M |
| Approvals of $150,000 or less | 3.1% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 9.4% | 14.4% |
| Approvals to franchise businesses | 1.6% | 9.0% |
| Jobs supported per approval, as reported | 22.5 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.9% | 1.2% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Michigan | 63 | $48.8M | 98.4% | |
| 2 | Kentucky | 1 | — | 1.6% |
In Michigan the lender accounts for 7.4% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Oakland County, MI | 31 | $25.8M | 48.4% | |
| 2 | Macomb County, MI | 12 | $7.2M | 18.8% | |
| 3 | Wayne County, MI | 8 | $4.4M | 12.5% | |
| 4 | Genesee County, MI | 6 | $3.4M | 9.4% | |
| 5 | Shelby County, KY | 1 | — | 1.6% | |
| 6 | Washtenaw County, MI | 1 | — | 1.6% | |
| 7 | Monroe County, MI | 1 | — | 1.6% | |
| 8 | Barry County, MI | 1 | — | 1.6% | |
| 9 | Shiawassee County, MI | 1 | — | 1.6% | |
| 10 | Saginaw County, MI | 1 | — | 1.6% | |
| 11 | Ingham County, MI | 1 | — | 1.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 9 | 14.1% | |
| 2 | Construction | 9 | 14.1% | |
| 3 | Health Care and Social Assistance | 8 | 12.5% | |
| 4 | Accommodation and Food Services | 6 | 9.4% | |
| 5 | Professional, Scientific, and Technical Services | 6 | 9.4% | |
| 6 | Retail Trade | 5 | 7.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 4 | 6.3% | |
| 8 | Wholesale Trade | 4 | 6.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 7.8% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 4 | 6.3% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 3 | 4.7% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.1% | |
| 5 | Industrial Machinery ManufacturingNAICS 3332 | 2 | 3.1% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.1% | |
| 7 | Lessors of Real EstateNAICS 5311 | 2 | 3.1% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 3.1% | |
| 9 | Offices of DentistsNAICS 6212 | 2 | 3.1% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 2 | 3.1% |
Approval sizes
- $50,001 to $150,0003.1%2
- $150,001 to $350,00017.2%11
- $350,001 to $1 million60.9%39
- $1 million to $2 million9.4%6
- Over $2 million9.4%6
Loan terms
- Over 5 to 10 years4.7%3
- Over 10 to 20 years28.1%18
- Over 20 years67.2%43
Age of the businesses
- Existing, more than 2 years old90.6%58
- Startup, loan funds will open the business9.4%6
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 504 Basic | 62 | 96.9% | |
| 2 | 504 Refinancing Program | 2 | 3.1% |
Franchise share
1 of 64 approvals in FY2021–FY2025 (1.6%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Home Instead | 1 | 1.6% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | 13 | 20.3% | |
| 2 | The Huntington National Bank | 12 | 18.8% | |
| 3 | First Merchants Bank | 7 | 10.9% |
Questions and answers
How many SBA loans does Oakland County Business Finance Corporation make?
SBA approved 15 504 loans through Oakland County Business Finance Corporation in FY2025, worth $12.7M, and 64 over FY2021 to FY2025. That ranks 97th of 182 active CDCs by number of approvals.
How large are Oakland County Business Finance Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $507K and the average $814K. The program-wide median was $657K.
What is Oakland County Business Finance Corporation's charge-off rate?
Of 233 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (0.9%), 116 as paid in full and 115 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Oakland County Business Finance Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (5); building equipment contractors (4); offices of other health practitioners (3); other amusement and recreation industries (2).
Where does Oakland County Business Finance Corporation make SBA loans?
In 2 states and territories. Michigan 63, Kentucky 1. In Michigan it accounts for 7.4% of all 504 approvals.
Is Oakland County Business Finance Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 33, against 49 in the three before: falling (-33%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error