Independence Bank
Based in RI3,028 SBA loans totaling $542.9M.
Total Loans
3,028
1992–2025
Total Volume
$542.9M
Gross approval amount
Avg Loan Size
$179K
Median: $150K
Avg Interest Rate
6.23%
Default Rate
47.7%
States Served
50
+ 4 territories
Independence Bank — Annual Lending Volume
Independence Bank — Annual Lending Volume from 1992 to 2025
Independence Bank — Annual Loan Count
Independence Bank — Annual Loan Count from 1992 to 2025
Where They Lend
Where They Lend with 15 categories
What They Lend For
What They Lend For with 10 categories
Loan Size Distribution
Loan Size Distribution with 7 categories
Loan Outcomes
Loan Outcomes showing Active: 0.5%, Paid in Full: 33.7%, Charged Off: 31.1%, Cancelled: 34.7%
Active0.5%
Paid in Full33.7%
Charged Off31.1%
Cancelled34.7%
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