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Independent Bank
GRAND RAPIDS, MI · Active Lender · National rank #162
Independent Bank approved 51 SBA 7(a) loans in FY2025, ranking 162nd nationally by loan volume. Its lending was concentrated mainly in Michigan, with an average loan size of about $714,794.
Independent Bank, headquartered in Grand Rapids, Michigan, is an active participant in the SBA 7(a) loan program according to FY2025 SBA 7(a) lender activity data. During this period, the bank approved 51 SBA 7(a) loans, totaling $36,454,500 in approved loan dollars. The SBA guaranty portion of these loans amounted to $26,572,125. The average loan size across these transactions was $714,794, indicating the bank tends to originate larger SBA loans compared to many small-business lenders.
Based on FY2025 SBA activity data, Independent Bank ranks 162nd nationally among SBA 7(a) lenders by loan volume. Its lending activity is concentrated primarily in Michigan, where it approved 50 of its 51 loans, with one additional loan approved in Illinois. This geographic concentration suggests the bank's SBA 7(a) lending footprint is largely regional, centered around its home state of Michigan, with limited activity extending into neighboring Illinois.
These figures reflect only the FY2025 SBA 7(a) lender activity data made available for this profile. No information regarding interest rates, loan terms, approval likelihood, or additional lending programs is included, as this data was not part of the reported SBA activity figures for Independent Bank.
Where Independent Bank lends
Questions people ask
Is Independent Bank an SBA lender?
Yes, Independent Bank participates in the SBA 7(a) loan program, according to FY2025 SBA lender activity data.
How many SBA 7(a) loans did Independent Bank approve in FY2025?
Independent Bank approved 51 SBA 7(a) loans in FY2025.
What was the total dollar amount of loans approved?
Independent Bank approved a total of $36,454,500 in SBA 7(a) loans in FY2025.
What is Independent Bank's average SBA loan size?
The average SBA 7(a) loan size for Independent Bank in FY2025 was $714,794.
How much of the loan amount was SBA-guaranteed?
The SBA guaranty portion of Independent Bank's FY2025 loans totaled $26,572,125.
Where is Independent Bank headquartered?
Independent Bank is headquartered in Grand Rapids, Michigan.
Where is Independent Bank most active in SBA lending?
In FY2025, Independent Bank was most active in Michigan, with 50 loans, and also approved one loan in Illinois.
Is Independent Bank a national or regional SBA lender?
Based on FY2025 data, Independent Bank operates primarily as a regional SBA lender, concentrated in Michigan.
How does Independent Bank rank among SBA 7(a) lenders by volume?
Independent Bank ranked 162nd nationally among SBA 7(a) lenders by loan volume in FY2025.
Does Independent Bank lend in multiple states?
Yes, in FY2025 Independent Bank approved SBA 7(a) loans in Michigan and Illinois.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Independent Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.