SBA Preferred Lender | Independent Bank

Independent Bank is part of the Preferred Lender Program (PLP)

Fast In-House Approvals

Independent Bank can approve SBA loan requests in-house, reducing wait times and speeding up funding.

The PLP Advantage

As a PLP lender, we have the tools and authority to process loans quickly and efficiently.

Trusted Government-Backed Lending

Work with a bank that has a proven track record and strong SBA relationships.

Flexible Terms & Lower Payments

PLP lenders offer longer repayment terms, lower monthly payments, and no prepayment penalties (except on commercial real estate).

Flexible SBA & USDA Loan Benefits

Wide Eligibility

Nearly 98% of U.S. businesses qualify for SBA or USDA financing.

Versatility

Fund real estate, acquisitions, equipment, or working capital needs.

Fast Approvals Available

Most loans qualify for expedited in-house approval programs.

Extended Repayment Terms

Finance assets over longer periods than traditional loans allow.

Lower Down Payments

Preserve cash flow with reduced upfront costs for your business.

No Balloon Payments

Enjoy predictable, stable payments with no unexpected lump sums.

Expanded Access to Working Capital

Access to the funds that can help your business maintain operations and seize growth opportunities.

Support for Rural Businesses

USDA loans offer specialized funding for rural business growth.

SBA Loan FAQs

Answers to Common Questions About SBA Loans

How Do SBA Loans Work?

When you apply for an SBA loan with Independent Bank, you’re getting financing backed by the Small Business Administration (SBA). This partnership allows us to offer easier qualification, longer repayment terms, and lower down payments—helping your business maintain operations and seize growth opportunities.

What are the typical requirements for applying for an SBA loan?

To apply for an SBA loan, you generally need to provide the following: a solid business plan, financial statements (including profit and loss statements), personal and business credit history, tax returns, and details on collateral if required.

What types of businesses are eligible for SBA loans?

Most small businesses operating in the U.S. are eligible for SBA loans, provided they meet certain criteria. This includes being a for-profit business, operating within the country, and meeting the SBA’s size standards based on industry. Additionally, businesses must demonstrate the ability to repay the loan and have a sound business plan.