SBA lender profile
Independent Bank
Independent Bank appears in the public SBA loan data with 336 funded 7(a) loans since FY2010, totaling $185.0M, an average of $551K per loan, and an estimated 6,769 jobs supported. Its SBA lending concentrates in Michigan and the Professional and Technical Services sector. Across its 7(a) loans, the charge-off rate is 0.9%. 14.9% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 87
- Scale 78
- Activity 84
- Consistency 78
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Independent Bank the right lender for you?
Lenders fund what they know. Independent Bank's SBA lending concentrates in Michigan (328 loans) and Professional and Technical Services (38 loans), at an average loan of $551K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $115M
- Headquarters
- Verona, WI
- FDIC cert
- #15134
- Status
- Inactive
Where Independent Bank lends
Top states by funded SBA volume.
Metro areas where Independent Bank funds
What Independent Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Professional and Technical Services | 38 | $35.5M |
| Manufacturing | 65 | $33.7M |
| Arts, Entertainment, Recreation | 12 | $18.7M |
| Construction | 39 | $14.1M |
| Transportation and Warehousing | 13 | $12.9M |
| Real Estate | 22 | $11.8M |
Independent Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 33 | $10.5M |
| 2011 | 68 | $24.5M |
| 2012 | 51 | $16.9M |
| 2013 | 21 | $7.8M |
| 2014 | 15 | $5.0M |
| 2015 | 11 | $10.8M |
| 2016 | 5 | $6.6M |
| 2017 | 6 | $4.3M |
| 2018 | 5 | $3.8M |
| 2019 | 8 | $5.0M |
| 2020 | 5 | $1.6M |
| 2022 | 9 | $6.4M |
| 2023 | 8 | $6.4M |
| 2024 | 26 | $24.8M |
| 2025 | 51 | $36.5M |
| 2026 | 14 | $14.0M |
Related SBA lenders
Other lenders active in Michigan or in Professional and Technical Services.
Comparing lenders? See how to choose an SBA lender by track record.
Independent Bank: frequently asked questions
Does Independent Bank offer SBA loans?
Yes. Independent Bank appears in the public SBA data with 336 funded SBA 7(a) loans totaling $185.0M.
How many SBA loans has Independent Bank made?
Independent Bank is associated with 336 SBA 7(a) loans totaling $185.0M in the public SBA data (as of 2026-03-31).
What is Independent Bank's SBA charge-off rate?
About 0.9% of Independent Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Independent Bank do most of its SBA lending?
Independent Bank's SBA lending in the data is most concentrated in Michigan, and by industry in Professional and Technical Services.
Is Independent Bank an SBA Preferred Lender (PLP)?
The loan record shows Independent Bank operating under PLP delegated authority: 50 of its 7(a) loans (14.9%) were processed through the Preferred Lenders Program, including 47 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Independent Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/independent-bank/
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