| $150,000–350,000 | MICHIGAN HAND & WRIST, P.C. | NOVI, MI | Independent Bank |
| $150,000–350,000 | MICHIGAN HAND AND WRIST PC | Novi, MI | Independent Bank |
| $150,000–350,000 | MICHIGAN HEALTH CLINICS, P.C. | SAGINAW, MI | Independent Bank |
| $150,000–350,000 | MICHIGAN HERBAL REMEDIES LLC | Jenison, MI | Independent Bank |
| $150,000–350,000 | MICHIGAN HERBAL REMEDIES, LLC | JENISON, MI | Independent Bank |
| $350,000–1 million | MICHIGAN PLANNERS INC | WASHINGTON, MI | Independent Bank |
| $350,000–1 million | MICHIGAN STATE MEDICAL SOCIETY | East Lansing, MI | Independent Bank |
| $150,000–350,000 | MICHIGAN TOWERS INC | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | MICHIGAN TRUCK PARTS INC. | Westland, MI | Independent Bank |
| $150,000–350,000 | MICHIGAN TRUCK PARTS, INC. | WESTLAND, MI | Independent Bank |
| $150,000–350,000 | MID-SOUTH MATERNAL FETAL MEDICINE, PC | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | MID-SOUTH SPECIALTIES INC. | Memphis, TN | Independent Bank |
| $150,000–350,000 | MID-SOUTH SPECIALTIES, INC. | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | MIDWEST MARINE INC | River Rouge, MI | Independent Bank |
| $350,000–1 million | MIDWEST MOLD SERVICES INC. | ROSEVILLE, MI | Independent Bank |
| $350,000–1 million | MIDWEST MOLD SERVICES INC. | Roseville, MI | Independent Bank |
| $350,000–1 million | MIDWEST RUBBER COMPANY | DECKERVILLE, MI | Independent Bank |
| $1–2 million | MILLENIUM WIRELESS TECHNOLOGY INC | Troy, MI | Independent Bank |
| $1–2 million | MILLENIUM WIRELESS TECHNOLOGY, INC. | TROY, MI | Independent Bank |
| $150,000–350,000 | MIND OVER DATA, LLC | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | MOLDING SOLUTIONS INC. | Grand Haven, MI | Independent Bank |
| $150,000–350,000 | MOLDING SOLUTIONS, INC. | GRAND HAVEN, MI | Independent Bank |
| $350,000–1 million | MOLON EXCAVATING INC. | Traverse City, MI | Independent Bank |
| $350,000–1 million | MOLON EXCAVATING, INC. | TRAVERSE CITY, MI | Independent Bank |
| $350,000–1 million | MONDRIAN PROPERTIES LLC | Shelby Township, MI | Independent Bank |
| $150,000–350,000 | MONDRIAN PROPERTIES, L.L.C. | SHELBY TOWNSHIP, MI | Independent Bank |
| $350,000–1 million | MONTESSORI CHILDREN'S HOUSE GRAND TRAVERSE | Traverse City, MI | Independent Bank |
| $350,000–1 million | MONTESSORI CHILDREN'S HOUSE, GRAND TRAVERSE | TRAVERSE CITY, MI | Independent Bank |
| $350,000–1 million | MORELOCK-NOREN LLC | WILLIAMSTON, MI | Independent Bank |
| $350,000–1 million | MORLOCK-NOREN LLC | Williamston, MI | Independent Bank |
| $150,000–350,000 | MOS INCREDIBLE PIZZA, LLC | GRAWN, MI | Independent Bank |
| $350,000–1 million | MOSS AUDIO CORPORATION | GRAND RAPIDS, MI | Independent Bank |
| $150,000–350,000 | MPD WELDING INC. | Orion, MI | Independent Bank |
| $1–2 million | MUNRO & ASSOCIATES INC | Auburn Hills, MI | Independent Bank |
| $1–2 million | MUNRO & ASSOCIATES, INC. | AUBURN HILLS, MI | Independent Bank |
| $150,000–350,000 | MUSKEGON CHRISTIAN SCHOOL | MUSKEGON, MI | Independent Bank |
| $150,000–350,000 | NABRO, INC. | GROSSE POINTE, MI | Independent Bank |
| $150,000–350,000 | NACOM COMPANIES INC | RUNNEMEDE, NJ | Independent Bank |
| $350,000–1 million | NELSON MILL COMPANY | Southfield, MI | Independent Bank |
| $350,000–1 million | NELSON-MILL CO. | SOUTHFIELD, MI | Independent Bank |
| $150,000–350,000 | NEW CENTURY SALES, INC. | COMMERCE TOWNSHIP, MI | Independent Bank |
| $150,000–350,000 | NEW MEMPHIS INSTITUTE | Memphis, TN | Independent Bank |
| $150,000–350,000 | NEW MEMPHIS INSTITUTE | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | NICHOLS OPTICAL INC. | Traverse City, MI | Independent Bank |
| $150,000–350,000 | NICHOLS OPTICAL, INC. | TRAVERSE CITY, MI | Independent Bank |
| $350,000–1 million | NIKOLIC INDUSTRIES INC. | Sterling Heights, MI | Independent Bank |
| $350,000–1 million | NIKOLIC INDUSTRIES, INC. | STERLING HEIGHTS, MI | Independent Bank |
| $150,000–350,000 | NORTHERN HOSPITALITY LLC | Traverse City, MI | Independent Bank |
| $150,000–350,000 | NORTHERN PINES HEALTH CENTER P.C. | BUCKLEY, MI | Independent Bank |
| $150,000–350,000 | NORTHERN PINES HEALTH CENTER PC | Buckley, MI | Independent Bank |
| $150,000–350,000 | NORTHERN PUMP & WELL, INC. | LANSING, MI | Independent Bank |
| $1–2 million | NORTHWEST MICHIGAN SURGERY CENTER LLC | TRAVERSE CITY, MI | Independent Bank |
| $350,000–1 million | NPBC INC. | Grand Rapids, MI | Independent Bank |
| $350,000–1 million | NPBC, INC. | GRAND RAPIDS, MI | Independent Bank |
| $150,000–350,000 | O'BRIEN HARRIS WOODWORKS LLC | Caledonia, MI | Independent Bank |
| $150,000–350,000 | O'BRIEN HARRIS WOODWORKS LLC | CALEDONIA, MI | Independent Bank |
| $350,000–1 million | OAK HALL INC | Memphis, TN | Independent Bank |
| $1–2 million | OAK HALL, INC. | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | OAKLAND AIR HOLDING COMPANY LLC | TROY, MI | Independent Bank |
| $150,000–350,000 | OAKLAND AIR HOLDING LLC | Waterford, MI | Independent Bank |
| $150,000–350,000 | OAKLAND METAL SALES, INC. | AUBURN HILLS, MI | Independent Bank |
| $150,000–350,000 | OAKWOOD CONSTRUCTION COMPANY | Okemos, MI | Independent Bank |
| $150,000–350,000 | OAKWOOD CONSTRUCTION COMPANY | OKEMOS, MI | Independent Bank |
| $150,000–350,000 | OFF THE MAP HOSPITALITY, LLC | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | OFFICE EXPRESS | TROY, MI | Independent Bank |
| $150,000–350,000 | OFFICE EXPRESS INC | Troy, MI | Independent Bank |
| $150,000–350,000 | OLD MISSION ENTERPRISES INC | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | OLIVET MACHINE TOOL ENGINEERING CO. | OLIVET, MI | Independent Bank |
| $350,000–1 million | OPTI TEMP INC. | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | ORDUS FORD INC. | BAD AXE, MI | Independent Bank |
| $350,000–1 million | ORYANA FOOD COOPERATIVE, INC. | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | OUTDOOR ACCENTS INC. | West Bloomfield, MI | Independent Bank |
| $150,000–350,000 | OUTDOOR ACCENTS, INC. | WEST BLOOMFIELD, MI | Independent Bank |
| $150,000–350,000 | OUTDOORS, INC | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | OV THE FARM LLC | Traverse City, MI | Independent Bank |
| $150,000–350,000 | PALLADIO LLC | MEMPHIS, TN | Independent Bank |
| $1–2 million | PAPA JOE'S OAKLAND, LLC | ROCHESTER HILLS, MI | Independent Bank |
| $150,000–350,000 | PATHWAY HOMES LLC | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | PATHWAY HOMES LLC | Traverse City, MI | Independent Bank |
| $150,000–350,000 | PETE'S HEATING & COOLING INC | Livonia, MI | Independent Bank |
| $150,000–350,000 | PETE'S HEATING AND COOLING, INC. | LIVONIA, MI | Independent Bank |
| $1–2 million | PETERS MANAGEMENT GROUP L.L.C. | BAY CITY, MI | Independent Bank |
| $350,000–1 million | PETERSON GLASS COMPANY | Ferndale, MI | Independent Bank |
| $150,000–350,000 | PHILLIPS ENERGY INC | Grawn, MI | Independent Bank |
| $150,000–350,000 | PHILLIPS ENERGY INC | GRAWN, MI | Independent Bank |
| $1–2 million | PICKERING, INC AND SUBSIDIARIES | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | PIONEER DIESEL SERVICE INC. | Grawn, MI | Independent Bank |
| $150,000–350,000 | PIONEER DIESEL SERVICE, INC. | GRAWN, MI | Independent Bank |
| $150,000–350,000 | PIRATE'S COVE NORTH INC. | Traverse City, MI | Independent Bank |
| $1–2 million | PJ STEEL SUPPLY, INC. | KALKASKA, MI | Independent Bank |
| $350,000–1 million | PLYMOUTH BRAZING INC | Westland, MI | Independent Bank |
| $350,000–1 million | PLYMOUTH BRAZING, INC. | WESTLAND, MI | Independent Bank |
| $150,000–350,000 | PRECISION MACHINING COMPANY | NORTH BRANCH, MI | Independent Bank |
| $150,000–350,000 | PRECISION MACHINING COMPANY | North Branch, MI | Independent Bank |
| $350,000–1 million | PRECISION PLUMBING & HEATING SYSTEMS, INC. | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | PRECISION SLITTING SERVICE CO | Romulus, MI | Independent Bank |
| $150,000–350,000 | PRECISION SLITTING SERVICE CO. | ROMULUS, MI | Independent Bank |
| $150,000–350,000 | PRIVE LLC | Memphis, TN | Independent Bank |
| $2–5 million | PRODUCTIONS PLUS INC. | Bingham Farms, MI | Independent Bank |
| $1–2 million | PRODUCTIONS PLUS, INC. | BINGHAM FARMS, MI | Independent Bank |