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Independent Bank is Michigan's largest bank headquartered in the state, operating since 1864 with approximately 62 branches across Michigan's lower peninsula. The bank provides personal banking, business banking, loans, mortgages, and wealth management services.
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SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
Data not available
As Of December 31, 2025
Median
$187K
Average
$187K
Sweet Spot
$0-$500K
Industries with highest loan volume
Nursery, Garden Center, and Farm Supply Retailers
1
loans
$187K
avg. amount
Nursery, Garden Center, and Farm Supply Retailers
Loans
1
Avg. Amount
$187K
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.75% |
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)