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Independent Bank (MI)

Independent Bank offers personal and business banking solutions designed for your needs. Explore our secure, convenient financial services today.

Asset Base Working Capital Line (CAPLine)
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
# Preferred Lenders Program
# Preferred Lenders with WCP
# SBA Express Program
# Startup
# Variable Rates
SBA Loan Approvals as of 6/30/25 46
SBA Loans Total Approval Amount as of 6/30/25 $31,143,500
Average SBA Loan Size as of 6/30/25 $677,033
Average SBA Loan Rate over Prime (Prime is 7%) 1.91
Independent Bank (MI)

Unlock Your Financial Potential with Independent Bank (MI)

Independent Bank, headquartered in Grand Rapids, Michigan, is a trusted community-focused financial institution and proud SBA Preferred Lender dedicated to helping Michigan businesses start, grow, and succeed. With more than 150 years of banking experience and a deep commitment to local communities, Independent Bank provides SBA-backed financing that helps entrepreneurs secure affordable capital and achieve lasting growth.

Key Features of Independent Bank

  • Comprehensive Business Banking: Full-service business checking and savings accounts, cash management, merchant services, and digital banking tools designed to simplify business operations.
  • SBA Loan Expertise: As an SBA Preferred Lender, Independent Bank offers SBA 7(a), 504, and SBA Express loans, providing long-term, government-guaranteed financing for working capital, real estate, and equipment.
  • Experienced SBA Lending Team: Independent’s dedicated SBA specialists work closely with borrowers to structure financing that fits each business’s unique goals and cash flow.
  • Flexible Commercial Lending: Beyond SBA programs, the bank offers business term loans, lines of credit, and commercial real estate financing for growing companies.
  • Commitment to Michigan’s Communities: Independent Bank is deeply invested in Michigan’s economic development — supporting local entrepreneurs, nonprofits, and small business initiatives across the state.

Why Choose Independent Bank for SBA Loans?

Independent Bank blends community banking values with the strength of an SBA Preferred Lender. Its in-house decision-making and experienced lending team ensure faster approvals, flexible terms, and personalized service. Whether you’re purchasing a facility, expanding operations, or refinancing business debt, Independent Bank provides the partnership and capital to make your business vision a reality.

How to Get Started

Ready to grow your business with an SBA loan or other financing solution? Visit the Independent Bank SBA Lending page to explore available programs, review eligibility, and connect with an SBA lending expert.

Empower your financial future today with Independent Bank — where Michigan’s small businesses find trusted partners for long-term success.

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Busey Bank (IL)

Busey provides an array of banking services across Illinois, Missouri, Indianapolis and south west Florida.

Average SBA Loan Rate over Prime (Prime is 7%): 2.07
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First Bank of the Lake (MO)

Average SBA Loan Rate over Prime (Prime is 7%): 3.13
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Average SBA Loan Rate over Prime (Prime is 7%): 1.14
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Industry