Independent Bank
SBA lender based in Michigan serving 7 states and 60 industries
Independent Bank has funded 369 SBA loans across 7 states and 60 industries. Their average loan size is $508K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against Independent Bank and 897+ alternatives based on closing probability + pricing.
Top Lending States
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Book a CallWhy borrowers choose Independent Bank
Independent Bank is best suited for borrowers seeking larger institutional acquisitions, CRE, and equipment-heavy deals, with an average SBA loan of $508K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Michigan. With 369 SBA loans funded across 7 states, they operate as a regional specialist anchored in Michigan. Their portfolio default rate is 337.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against Independent Bank and 897+ alternatives.
Recent SBA Activity at Independent Bank
Franchise lending: Independent Bank has funded SBA loans for multiple franchise concepts, with the highest volume in Goldfish Swim School, School of Rock, and BREADSMITH. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.
Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Educational Services, and Truck Transportation. Borrowers in these NAICS sectors typically see better terms and faster approvals.
Geographic concentration: Top markets are Michigan, Illinois, Tennessee, California, and Nevada. Lenders typically underwrite faster in states where they already have closing comps.
Compare Independent Bank to Similar SBA Lenders
Other SBA lenders headquartered in Michigan with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.
Looking for SBA Financing?
Tell us about your deal and we'll match you with the right capital source from our network. PeerSense uses proprietary data on lender track records to find the best fit for your industry, location, and loan size.
About Independent Bank SBA Lending
Independent Bank is an SBA lender headquartered in Michigan. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.
Independent Bank serves borrowers across 7 states and 60 industry sectors with a regional lending focus. To find out whether Independent Bank is a good fit for your specific deal, reach out to PeerSense for a free lender match.
PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.
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See Related Rates by Program
PeerSense covers the full commercial capital stack. Rates and structures across our money pages — updated weekly.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive — Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Mezzanine Debt
11.00–18.00%Subordinate to senior, $1M–$50M, capital stack fill
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting