Independent Bank
MI
SBA-approved lender offering 6 loan programs across 13 industries.
Key Metrics
Interest Rate
8.66%
1.91% over prime
Average Loan
$715K
Per approval
Total Approvals
51
FY 2025
Loan Programs (6)
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
Fixed Rates
Industries Served (13)
All Other Miscellaneous Schools and InstructionAll Other Specialty Trade ContractorsBurial Casket ManufacturingEngineering ServicesIndustrial Mold ManufacturingInsurance Agencies and BrokeragesNonresidential Property ManagersOffices of LawyersOffices of Physicians (except Mental Health Specialists)Pet Care (except Veterinary) ServicesPhotography Studios, PortraitSign ManufacturingWood Container and Pallet Manufacturing
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.91%
- Effective Rate
- 8.66%
- Fiscal Year
- 2025
- States Served
- MI
- Website
- www.independentbank.com
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