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Independent Bank

Grand Rapids, MI 49525

⭐ SBA Preferred Lender
107
Loans Approved
$79.4M
Total Volume
$742K
Avg Loan Size
4
States Served

States Served

IllinoisMichiganOklahomaTexas

Top Industries Financed

  • Engineering Services
  • Highway, Street, and Bridge Construction
  • Landscaping Services
  • Offices of Physicians (except Mental Health Specialists)
  • Electrical Contractors

Quick Summary

Independent Bank is an SBA-approved lender headquartered in Grand Rapids, Michigan. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 107 SBA 7(a) loans totaling $79.4M, with an average loan size of $742K. They serve businesses across 4 states.

About Independent Bank

Independent Bank is an SBA-approved lender headquartered in Grand Rapids, Michigan. Since 2020, they have approved 107 SBA 7(a) loans totaling $79.4M, with an average loan size of $742K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 4 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Independent Bank an SBA Preferred Lender?

Yes, Independent Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Independent Bank approved?

According to SBA FOIA public records, Independent Bank has approved 107 SBA 7(a) loans totaling $79.4M since 2020. Their average loan size is $742K.

What states does Independent Bank serve?

Independent Bank serves businesses in 4 states: Illinois, Michigan, Oklahoma, Texas.

How do I apply for an SBA loan with Independent Bank?

To apply for an SBA 7(a) loan with Independent 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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