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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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7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
Data not available
As Of March 31, 2026
Median
$1.3M
Average
$1.3M
Sweet Spot
$0-$500K
Industries with highest loan volume
Offices of Lawyers
1
loans
$2.3M
avg. amount
Offices of Lawyers
1
loans
$2.3M
avg
Nursery, Garden Center, and Farm Supply Retailers
1
loans
$187K
avg. amount
Nursery, Garden Center, and Farm Supply Retailers
1
loans
$187K
avg
10-Year
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.75% |
| $2M-$3M | Prime + 3.50% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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