Grasshopper Bank Taps Lendio to Power AI-Driven SBA Lending for a New Generation

LEHI, Utah, July 16, 2025 /PRNewswire/ -- Grasshopper Bank, a client-first digital bank built for the business and innovation economy, has partnered with Lendio, the nation's leading small business financing platform, to bring instant Small Business Administration (SBA) loan offers to market on Lendio's Marketplace.

The partnership directly addresses the slow, manual processes that have historically hindered small business owners from quickly qualifying for and receiving an SBA loan offer. By leveraging Lendio's advanced customer acquisition and AI-powered decisioning tools, Grasshopper will streamline the entire SBA top-of-funnel process from application to approval, enabling a faster, more modernized approach to SBA lending.

"This partnership is a powerful expression of Grasshopper's mission to deliver forward-thinking, tech-enabled banking experiences for small businesses," said Brennan Quenneville, Head of SBA Lending at Grasshopper Bank. "Through leveraging Lendio's AI-driven platform, we're innovating on SBA loan delivery in a way that accelerates decisioning and funding timelines, bringing capital to clients with the urgency they often need."

Grasshopper is leveraging Lendio to source complete SBA loan packages efficiently, enhancing efficiency through technology while enabling its team to focus on advancing loans that fuel business growth and delivering high-value support to small business clients. Loan applications are originated through Lendio's customer acquisition platform, which engages with small business owners directly, creating a seamless entry point. AI-powered financial spreading and Debt Service Coverage Ratio (DSCR) calculations then streamline the underwriting process, enabling faster, more accurate decisions. For qualified applicants, personalized SBA offers are generated instantly, further reducing bottlenecks and delays.

"Small business financial services are overdue for modernization, and Grasshopper is leading the way," said Trent Miskin, Chief Product Officer at Lendio. "They've built a digital-first banking experience that aligns with how small business owners want to access capital—fast, simple, and intuitive. It's the kind of leadership the industry needs, and Lendio couldn't be happier to be partnering with the Grasshopper team to drive innovation around SBA lending forward."

Grasshopper Bank officially launched its SBA program on Lendio's Intelligent Lending platform in April 2025, and the first SBA deal through the new partnership closed in May. This collaboration complements Grasshopper's broader, comprehensive SBA strategy, integrating Lendio's technology alongside the bank's traditional and direct lending channels to provide small businesses with faster, more flexible access to capital.

About Grasshopper
With total assets of approximately $1.4 billion, Grasshopper Bank is a client-first, full service digital bank serving the business and innovation economy. Grasshopper Bank replaces the traditional one-size-fits-all approach to banking with a suite of products and services tailored to specific industries and a passionate team of experts with deep expertise in their fields. Grasshopper Bank's banking solutions cover small businesses, startups, venture capital and private equity firms, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, yacht lending, and white-labeled consumer banking. Headquartered in New York, New York, the bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For more information, visit Grasshopper Bank's website at www.grasshopper.bank or follow Grasshopper Bank on LinkedIn or X.

About Lendio
Lendio is revolutionizing small business lending by connecting small businesses, lenders, and service providers through an integrated technology platform. Their mission is to facilitate an ecosystem that supports small businesses. Lendio offers specialized software to automate loan decisioning, uses AI to match businesses with suitable financing offers, and integrates a loan marketplace within service providers' platforms to help businesses access the capital they need to succeed.

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SOURCE Lendio