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First Independence Bank

DETROIT, MI 48202

2
Loans Approved
$250K
Total Volume
$125K
Avg Loan Size
1
States Served

States Served

Michigan

Top Industries Financed

  • Offices of Physicians (except Mental Health Specialists)
  • All Other General Merchandise Stores

Quick Summary

First Independence Bank is an SBA-approved lender headquartered in DETROIT, Michigan. Since 2020, they have approved 2 SBA 7(a) loans totaling $250K, with an average loan size of $125K. They primarily serve Michigan businesses.

About First Independence Bank

First Independence Bank is an SBA-approved lender headquartered in DETROIT, Michigan. Since 2020, they have approved 2 SBA 7(a) loans totaling $250K, with an average loan size of $125K. They primarily serve businesses in Michigan.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First Independence Bank an SBA Preferred Lender?

First Independence Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has First Independence Bank approved?

According to SBA FOIA public records, First Independence Bank has approved 2 SBA 7(a) loans totaling $250K since 2020. Their average loan size is $125K.

What states does First Independence Bank serve?

First Independence Bank primarily serves businesses in Michigan.

How do I apply for an SBA loan with First Independence Bank?

To apply for an SBA 7(a) loan with First Independence Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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