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BreadRoute Review

First Independence Bank

|Commercial Bank

Our First Independence Bank Review

3.5/ 5.0How we rate

First Independence Bank is a community commercial bank headquartered in Detroit, MI, with locations serving Detroit, Minneapolis, and Chicago. The bank focuses on economic empowerment and universal banking for growth-stage businesses in the communities it serves. Business borrowers can access lines of credit, term loans, equipment finance, commercial real estate financing, and construction finance, along with business checking, treasury management, and payment services. Qualification criteria and rates aren't published publicly, so you'll need to connect with the bank directly to discuss eligibility. A good fit for businesses in its served markets that prefer a community banking relationship over a purely transactional lender.

Who Is First Independence Bank Best For?

Based on eligibility requirements and available products.

  • Businesses where credit score is not a primary factor
  • Businesses that need equipment or machinery financing
  • Businesses with commercial real estate financing needs
  • Businesses that need flexible, revolving access to capital

Financing Options

Equipment Finance
Construction Finance
Commercial Real Estate Financing
Line of Credit
Term Loan

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See My Loan Options

Free · Won't affect your credit score

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Quick Overview

Loan AmountContact Us
GeographyNot disclosed
DoughRating
Products5

First Independence Bank Pros & Cons

Pros

  • No minimum credit score requirement
  • Wide range of financing products

Frequently Asked Questions

First Independence Bank does not apply a strict minimum credit score requirement, making it accessible to a wider range of businesses.

First Independence Bank offers the following financing products: Equipment Finance, Construction Finance, Commercial Real Estate Financing, Line of Credit, Term Loan.

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First Independence Bank Review (2026) | Equipment Finance Lender | BreadRoute