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Lender record

Independent Bank

The real lending record — every figure below is drawn from public SBA 7(a) loan records (FY2020–present): the loans Independent Bank funded, the businesses, the branches, and its FDIC profile. HQ: 4200 E Beltline Ave Ne, Grand Rapids, MI. 59 branches.

Independent Bank banner

113

Recent deals (FY20+)

$350K

Typical deal

23 days

Approval → funding

0%

Failure rate (FY20–23)

Where Independent Bank lends

Deals Independent Bank funded — list all 113 as text

Deal profile

Most Independent Bank deals land between $171K and $924K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

  1. 1.Engineering Services (5)
  2. 2.Highway, Street, and Bridge Construction (4)
  3. 3.Fitness and Recreational Sports Centers (3)
  4. 4.Motor Vehicle Supplies and New Parts Merchant Wholesalers (3)
  5. 5.Automotive Parts and Accessories Retailers (3)
  6. 6.Offices of Physicians (except Mental Health Specialists) (3)
  7. 7.All Other Miscellaneous Schools and Instruction (3)
  8. 8.Landscaping Services (3)

Most active states

  1. 1.Michigan (108 deals)
  2. 2.Illinois (3 deals)
  3. 3.Oklahoma (1 deals)
  4. 4.Texas (1 deals)

Franchises they finance most

Goldfish Swim School

4 deals

School of Rock

3 deals

Ziebart

1 deals

The Pump House

1 deals

Graze Craze

1 deals

Can Independent Bank fund you? The bank behind the loans

Total assets

$5.7B

▲ 1.9% vs prior quarter

Deposits on hand

$4.9B

▼ 0.3% vs prior quarter

Loans outstanding

$4.4B

▲ 2.3% vs prior quarter

Net income (latest qtr)

$37.4M

  • •An active SBA program (~0.5% of the book in this year's production) — they know the process, but SBA isn't the main event. Ask who runs their SBA desk before committing your timeline. That makes Independent Bank more SBA-focused than 66% of the banks on our record.
  • •Deposits shrank last quarter — worth asking early how much new-loan appetite they have right now.
  • •Return on assets of 1.34% — above the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.

FDIC call-report data, quarter ending 06/2026.

Recent deals

  • Dearborn Racquet & Health Center LLC in Dearborn, MI — $3.8M (2026) · Fitness and Recreational Sports Centers
  • Gage Consulting, LLC in Rochester, MI — $3.5M (2026) · Architectural Services
  • L. Klein Enterprises, LLC in Westland, MI — $1.6M (2026) · Bowling Centers
  • Port Property Ventures, LLC in Plymouth, MI — $1.2M (2026) · Motor Vehicle Supplies and New Parts Merchant Wholesalers
  • Motorsports & Racing Technology, LLC in Plymouth, MI — $1.0M (2026) · Motor Vehicle Supplies and New Parts Merchant Wholesalers
  • Freshwater Market LLC in Northport, MI — $576K (2026) · Limited-Service Restaurants
  • Gage Consulting, LLC in Rochester, MI — $500K (2026) · Architectural Services
  • Kevlar Remodeling, LLC in Oxford, MI — $500K (2026) · Roofing Contractors
  • Harborfront Defense, LLC in Spring Lake, MI — $256K (2026) · Automotive Parts and Accessories Retailers
  • Ranger Law, PLLC in Grand Rapids, MI — $250K (2026) · Offices of Lawyers

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

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Businesses Independent Bank financed

90 businesses on record — the 60 largest by funding. Each links to its full SBA record.

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CapBench analysis of public lending records, FY2020–present. Not affiliated with Independent Bank.

Agent summary

This page summarizes Independent Bank's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.

  • 113 SBA 7(a) loans on record
  • $350K typical deal
  • 5 business-acquisition loans
  • HQ: 4200 E Beltline Ave Ne, Grand Rapids, MI
  • FDIC total assets $5.7B

Next steps

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Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-10-11.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/independent-bank
API:
https://www.capbench.com/api/public/lenders/independent-bank
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
  • Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.

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