Independent Bank: SBA loans in this registry
3companies
3loans
$7.2Mtotal approved
$2.4Maverage loan
About this lender
- Type
- Bank
- Headquarters
- Grand Rapids, MI
- FDIC certificate number
- 27811
- Acquisition loans (7(a))
- 1 loan, $2.3M total, $2.3M average
- Expansion loans (504, SBA portion)
- 2 loans, $4.9M total, $2.4M average
- Approval dates
- May 14, 2025 to Apr 10, 2026
- Typical term (median)
- acquisition loans: 10 years; expansion loans: 25 years
- Initial interest rate (7(a))
- 10.25% to 10.25%, median 10.25%
- Rate type (7(a))
- 100% variable, 0% fixed
Top industries
- Fabricated Structural Metal Manufacturing: 1 loan
- Offices of Lawyers: 1 loan
- All Other Specialty Food Retailers: 1 loan
Top states
- Michigan: 3 loans
Largest deals
- Jaimes Industries, Belleville, MI: $2,804,000 (504 SBA portion, Apr 10, 2026)
- Ranger Law, PLLC, Grand Rapids, MI: $2,316,200 (7(a) acquisition, May 28, 2025)
- Cherry Republic, Inc., Glen Arbor, MI: $2,049,000 (504 SBA portion, May 14, 2025)
Lender details come from the SBA loan files. Counts cover loans on this site only.
Companies
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| Company | Location | Industry | Type | Latest approval | Approved |
|---|---|---|---|---|---|
| Jaimes Industries | Belleville, MI | Fabricated Structural Metal Manufacturing | Expansion | Apr 10, 2026 | $2.8M |
| Ranger Law, PLLC | Grand Rapids, MI | Offices of Lawyers | Acquisition | May 28, 2025 | $2.3M |
| Cherry Republic, Inc. | Glen Arbor, MI | All Other Specialty Food Retailers | Expansion | May 14, 2025 | $2.0M |