Technology-driven lending provided to the Small Business Administration (SBA) is now being facilitated by Lendio, following Grasshopper Bank's decision to integrate their services for the creation of next-generation SBA lending.

Technology-driven lending provided to the Small Business Administration (SBA) is now being facilitated by Lendio, following Grasshopper Bank's decision to integrate their services for the creation of next-generation SBA lending.

In a groundbreaking move, Grasshopper Bank has partnered with Lendio to streamline the Small Business Administration (SBA) loan process. This collaboration aims to bring instant SBA loan offers to Lendio's Marketplace, revolutionizing the way small businesses access capital.

The partnership addresses slow, manual processes in SBA loan qualification and approval. Leveraging Lendio's AI-driven platform, Grasshopper Bank will innovate on SBA loan delivery, providing a modern, AI-driven, and efficient lending experience.

Small businesses can now apply for SBA loans online through Lendio's customer acquisition platform, creating a seamless, direct entry point for applicants. Lendio's AI tools perform automated financial spreading and Debt Service Coverage Ratio (DSCR) calculations, streamlining underwriting and enabling faster, more accurate decisions.

For qualified applicants, personalized SBA loan offers are generated instantly, greatly reducing traditional delays and bottlenecks. This technology-driven approach replaces slow, manual processes historically hindering small businesses from quickly qualifying and receiving SBA loan offers.

Grasshopper's SBA loan teams can then focus on advancing loans and providing high-value support to clients, as the platform efficiently sources complete loan packages. The partnership is designed to bring capital to clients with urgency, accelerating SBA loan decisioning and funding timelines.

Grasshopper Bank's Head of SBA Lending, Brennan Quenneville, stated, "This partnership is a powerful expression of Grasshopper's mission to provide small businesses with the capital they need, when they need it."

Lendio's technology is integrated alongside Grasshopper's traditional and direct lending channels to provide small businesses with faster, more flexible access to capital. The partnership will streamline the entire SBA top-of-funnel process from application to approval, enabling a faster, more modernized approach to SBA lending.

The first SBA deal through the new partnership closed in May, marking a significant step forward in the partnership's mission to revolutionize SBA lending. Grasshopper Bank officially launched its SBA program on Lendio's Intelligent Lending platform in April 2025.

In conclusion, the partnership between Grasshopper Bank and Lendio is set to transform the SBA lending landscape, providing small businesses with a faster, more efficient, and modernized approach to accessing capital.

1. Grasshopper Bank, in partnership with Lendio, utilizes artificial-intelligence and technology to innovate on SBA loan delivery, offering small businesses a modern, AI-driven, and efficient lending experience in the field of finance and business.
2. With Lendio's technology now integrated into Grasshopper's lending channels, small businesses can secure faster, more flexible access to SBA loans, revolutionizing the way they acquire capital, a key aspect of business finance.

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