Grasshopper Bank, a client-first digital bank built for the business and innovation economy, has partnered with Lendio, a small business financing platform, to bring instant Small Business Administration (SBA) loan offers to market on Lendio’s Marketplace.
By leveraging advanced customer acquisition and AI-powered decisioning tools from Lendio, Grasshopper Bank plans to streamline the entire SBA top-of-funnel process from application to approval, enabling a faster, more modernised approach to SBA lending.
The partnership will look to directly address the slow, manual processes that have historically hindered small business owners from quickly qualifying for and receiving an SBA loan offer.
“This partnership is a powerful expression of Grasshopper’s mission to deliver forward-thinking, tech-enabled banking experiences for small businesses,” explained 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, 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.
“Small business financial services are overdue for modernisation, 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.”
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.
