| $2–5 million | PROGRESSIVE AE, INC. | GRAND RAPIDS, MI | Independent Bank |
| $350,000–1 million | PROTRAININGS, LLC | ADA, MI | Independent Bank |
| $2–5 million | PTI QUALITY CONTAINMENT SOLUTIONS, LLC | DETROIT, MI | Independent Bank |
| $150,000–350,000 | R A SHARP CONSTRUCTION LLC | Collierville, TN | Independent Bank |
| $150,000–350,000 | R.C. CHANCE INC | North Branch, MI | Independent Bank |
| $150,000–350,000 | R.C.A. TRUCKING, LLC | MARLETTE, MI | Independent Bank |
| $1–2 million | R.L. MORRIS & SONS CONSTRUCTIO | KALKASKA, MI | Independent Bank |
| $350,000–1 million | R.S. DALE COMPANY, INC. | STERLING HEIGHTS, MI | Independent Bank |
| $350,000–1 million | RALPH JONES SHEET METAL, INC. | ARLINGTON, TN | Independent Bank |
| $350,000–1 million | RC PRODUCTIONS INC. | Muskegon, MI | Independent Bank |
| $350,000–1 million | RC PRODUCTIONS, INC. | MUSKEGON, MI | Independent Bank |
| $150,000–350,000 | RED OAK MANAGEMENT CO., INC. | CEDAR SPRINGS, MI | Independent Bank |
| $150,000–350,000 | REED & HOPPES INC | Portland, MI | Independent Bank |
| $150,000–350,000 | REED & HOPPES, INC. | PORTLAND, MI | Independent Bank |
| $350,000–1 million | REISING ETHINGTON P.C. | TROY, MI | Independent Bank |
| $350,000–1 million | REISING ETHINGTON PC | Troy, MI | Independent Bank |
| $150,000–350,000 | RELIACARE AGENCY, INC. | CARO, MI | Independent Bank |
| $150,000–350,000 | RELICARE AGENCY INC. | Caro, MI | Independent Bank |
| $150,000–350,000 | RENAISSANCE, LLC | EADS, TN | Independent Bank |
| $150,000–350,000 | RENTON ELECTRIC CO | Royal Oak, MI | Independent Bank |
| $150,000–350,000 | RENTON ELECTRIC COMPANY, INC. | BERKLEY, MI | Independent Bank |
| $150,000–350,000 | RICHARD F. RULE, O.D., P.C. | LANSING, MI | Independent Bank |
| $150,000–350,000 | RJS TOOL AND GAGE | BIRMINGHAM, MI | Independent Bank |
| $150,000–350,000 | RJS TOOL AND GAGE | Birmingham, MI | Independent Bank |
| $350,000–1 million | RLK INVESTMENTS, INC. | TRAVERSE CITY, MI | Independent Bank |
| $350,000–1 million | ROADSIDE BAR & GRILL INC | Beverly Hills, MI | Independent Bank |
| $350,000–1 million | ROADSIDE BAR & GRILL, INC. | BEVERLY HILLS, MI | Independent Bank |
| $150,000–350,000 | ROBERT BROOKE & ASSOCIATES | Troy, MI | Independent Bank |
| $150,000–350,000 | ROBERT BROOKE & ASSOCIATES, INC. | TROY, MI | Independent Bank |
| $350,000–1 million | ROBERT BROWN DAIRY EQUIPMENT CO | BAD AXE, MI | Independent Bank |
| $350,000–1 million | ROBERTS & ROBERTS INC. | Beverly Hills, MI | Independent Bank |
| $350,000–1 million | ROBERTS 2014 INC | Beverly Hills, MI | Independent Bank |
| $350,000–1 million | ROBERTS 2014, INC. | BLOOMFIELD HILLS, MI | Independent Bank |
| $150,000–350,000 | ROBERTS AND ROBERTS, INC. | BEVERLY HILLS, MI | Independent Bank |
| $150,000–350,000 | RONALD R LINTS DDS MS PC | Traverse City, MI | Independent Bank |
| $150,000–350,000 | RONALD R. LINTS, DDS, MS, P.C. | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | ROSS CORP. | TRAVERSE CITY, MI | Independent Bank |
| $1–2 million | ROWLEY BROTHERS, INC. | BAY CITY, MI | Independent Bank |
| $150,000–350,000 | ROYAL DESIGN & MANUFACTURING, INC. | MADISON HEIGHTS, MI | Independent Bank |
| $150,000–350,000 | ROYAL DESIGN AND MANUFACTURING INC | Madison Heights, MI | Independent Bank |
| $350,000–1 million | RYAN & ROBERTS INC | Beverly Hills, MI | Independent Bank |
| $350,000–1 million | RYAN & ROBERTS INC | BEVERLY HILLS, MI | Independent Bank |
| $150,000–350,000 | RYBICKI TRUCKING CO. INC | SPRINGPORT, MI | Independent Bank |
| $150,000–350,000 | RYBICKI TRUCKING CO. INC. | Springport, MI | Independent Bank |
| $350,000–1 million | S & C TRANSPORT INC | YPSILANTI, MI | Independent Bank |
| $350,000–1 million | S & C TRANSPORT, INC. | YPSILANTI, MI | Independent Bank |
| $150,000–350,000 | S & M SHEET METAL, LTD. | SOUTHFIELD, MI | Independent Bank |
| $150,000–350,000 | S AND M MACHINERY SALES CORPORATION | WARREN, MI | Independent Bank |
| $150,000–350,000 | SAINT JOHN'S EPISCOPAL CHURCH | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | SANTEIU VAULTS, INC. | LIVONIA, MI | Independent Bank |
| $350,000–1 million | SARJAM LLC | Troy, MI | Independent Bank |
| $150,000–350,000 | SARJAM LLC | TROY, MI | Independent Bank |
| $150,000–350,000 | SAVOY EXPLORATION INC. | Traverse City, MI | Independent Bank |
| $150,000–350,000 | SAVOY EXPLORATION, INC. | TRAVERSE CITY, MI | Independent Bank |
| $350,000–1 million | SC ENVIRONMENTAL SERVICES LLC | Lansing, MI | Independent Bank |
| $150,000–350,000 | SC ENVIRONMENTAL SERVICES, LLC | LANSING, MI | Independent Bank |
| $1–2 million | SELECT LEASING, INC. | SEBEWAING, MI | Independent Bank |
| $150,000–350,000 | SHEFFIELD BAY LLC | Bay City, MI | Independent Bank |
| $150,000–350,000 | SHEFFIELD BAY, L.L.C. | BAY CITY, MI | Independent Bank |
| $1–2 million | SHORT'S BREWING COMPANY | ELK RAPIDS, MI | Independent Bank |
| $150,000–350,000 | SKORIC HEARING AID CENTER LLC | Saginaw, MI | Independent Bank |
| $150,000–350,000 | SKORIC HEARING AID CENTER LLC | SAGINAW, MI | Independent Bank |
| $350,000–1 million | SKYLINE PAINTING, INC | TROY, MI | Independent Bank |
| $350,000–1 million | SMART FURNITURE LLC | CHATTANOOGA, TN | Independent Bank |
| $150,000–350,000 | SMITH DISTRIBUTING COMPANY | BAD AXE, MI | Independent Bank |
| $150,000–350,000 | SMITH, MARTIN, POWERS & KNIER, P.C. | BAY CITY, MI | Independent Bank |
| $150,000–350,000 | SOUTHERN AUTOMOTIVE WHOLESALERS, INC. | PONTIAC, MI | Independent Bank |
| $1–2 million | SOUTHERN CONCRETE PRODUCTS, INC. | OAKLAND, TN | Independent Bank |
| $150,000–350,000 | SPARKS BBQ LLC | Traverse City, MI | Independent Bank |
| $350,000–1 million | SPECIALIZED PRODUCT COMPANY | SOUTHLAKE, TX | Independent Bank |
| $150,000–350,000 | SPECTRUM AUTOMATION COMPANY | LIVONIA, MI | Independent Bank |
| $150,000–350,000 | SPECTRUM AUTOMATION COMPANY | Livonia, MI | Independent Bank |
| $350,000–1 million | SPIRAL INDUSTRIES INC. | Howell, MI | Independent Bank |
| $350,000–1 million | SPIRAL INDUSTRIES, INC. | HOWELL, MI | Independent Bank |
| $350,000–1 million | SSI TECHNOLOGY INC. | Sterling Heights, MI | Independent Bank |
| $150,000–350,000 | ST MARYS CULTURAL CENTER | LIVONIA, MI | Independent Bank |
| $150,000–350,000 | ST. ANASTASIA CATHOLIC CHURCH | TROY, MI | Independent Bank |
| $150,000–350,000 | ST. ANN CORP DBA BRIGHTSTAR CARE OF NORTHERN MI | Traverse City, MI | Independent Bank |
| $150,000–350,000 | ST. ANN CORPORATION | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | ST. MARY'S CULTURAL CENTER | Livonia, MI | Independent Bank |
| $150,000–350,000 | ST.PATRICK PARISH | ADA, MI | Independent Bank |
| $1–2 million | STAMPEDE DIE CORP. | WAYLAND, MI | Independent Bank |
| $1–2 million | STAMPEDE DIE CORP. | Wayland, MI | Independent Bank |
| $350,000–1 million | STANLEY STEEMER OF NORTHWEST MICHIGAN, INC. | TRAVERSE CITY, MI | Independent Bank |
| $150,000–350,000 | STAPELS MANUFACTURING CORP. | TROY, MI | Independent Bank |
| $150,000–350,000 | STAPLES MANUFACTURING CORP. | Troy, MI | Independent Bank |
| $150,000–350,000 | STEVEN L. RINGLER MD PC | Grand Rapids, MI | Independent Bank |
| $150,000–350,000 | STEVEN L. RINGLER, M.D., P.C. | GRAND RAPIDS, MI | Independent Bank |
| $150,000–350,000 | STEVENS, MOON & ASSOCIATES, LLC | DANSVILLE, MI | Independent Bank |
| $150,000–350,000 | STONE HOUSE BREAD, LLC | TRAVERSE CITY, MI | Independent Bank |
| $350,000–1 million | STORAGE CONTROL SYSTEMS INC. | Sparta, MI | Independent Bank |
| $350,000–1 million | STORAGE CONTROL SYSTEMS, INC. | SPARTA, MI | Independent Bank |
| $150,000–350,000 | SUMMIT MARKETING PARTNERS LLC | GRAND RAPIDS, MI | Independent Bank |
| $350,000–1 million | SUPER CAR WASH MANAGEMENT, INC. | ROYAL OAK, MI | Independent Bank |
| $350,000–1 million | SUPERIOR DIESEL REPAIR INC | DETROIT, MI | Independent Bank |
| $2–5 million | SWEET EXPRESS LLC | GRAND RAPIDS, MI | Independent Bank |
| $150,000–350,000 | SWEET REPAIR SERVICES LLC | GRAND RAPIDS, MI | Independent Bank |
| $150,000–350,000 | SYNDEVCO, INC. | SOUTHFIELD, MI | Independent Bank |
| $1–2 million | TEGRIT SOFTWARE VENTURES INC. | Livonia, MI | Independent Bank |
| $1–2 million | TEGRIT SOFTWARE VENTURES, INC. | LIVONIA, MI | Independent Bank |