Independent Bank: SBA loans in this registry
3companies
3loans
$7.2Mtotal approved
$2.4Maverage loan
About this lender
- Type
- Bank
- Headquarters
- Grand Rapids, MI
- FDIC certificate number
- 27811
- Total assets
- $5.7 billion (as of June 30, 2026)
- Established
- 1890
- Offices
- 59
- Website
- www.independentbank.com
- Acquisition loans (7(a))
- 1 loan, $2.3M total, $2.3M average
- Expansion loans (504, SBA portion)
- 2 loans, $4.9M total, $2.4M average
- Approval dates
- May 14, 2025 to Apr 10, 2026
- Typical term (median)
- acquisition loans: 10 years; expansion loans: 25 years
- Initial interest rate (7(a))
- 10.25% to 10.25%, median 10.25%
- Rate type (7(a))
- 100% variable, 0% fixed
Top industries
- Fabricated Structural Metal Manufacturing: 1 loan
- Offices of Lawyers: 1 loan
- All Other Specialty Food Retailers: 1 loan
Top states
- Michigan: 3 loans
Largest deals
- Jaimes Industries, Belleville, MI: $2,804,000 (504 SBA portion, Apr 10, 2026)
- Ranger Law, PLLC, Grand Rapids, MI: $2,316,200 (7(a) acquisition, May 28, 2025)
- Cherry Republic, Inc., Glen Arbor, MI: $2,049,000 (504 SBA portion, May 14, 2025)
Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.
Companies
Use search to find others.
| Company | Location | Industry | Type | Latest approval | Approved |
|---|---|---|---|---|---|
| Jaimes Industries | Belleville, MI | Fabricated Structural Metal Manufacturing | Expansion | Apr 10, 2026 | $2.8M |
| Ranger Law, PLLC | Grand Rapids, MI | Offices of Lawyers | Acquisition | May 28, 2025 | $2.3M |
| Cherry Republic, Inc. | Glen Arbor, MI | All Other Specialty Food Retailers | Expansion | May 14, 2025 | $2.0M |