States Served
Top Industries Financed
- Full-Service Restaurants
- Plumbing, Heating, and Air-Conditioning Contractors
- Offices of Physicians (except Mental Health Specialists)
- Funeral Homes and Funeral Services
- Limited-Service Restaurants
Quick Summary
Grasshopper Bank National Association is an SBA-approved lender headquartered in New York, New York. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 364 SBA 7(a) loans totaling $280.1M, with an average loan size of $770K. They serve businesses across 43 states.
About Grasshopper Bank National Association
Grasshopper Bank National Association is an SBA-approved lender headquartered in New York, New York. Since 2020, they have approved 364 SBA 7(a) loans totaling $280.1M, with an average loan size of $770K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 43 states.
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Frequently Asked Questions
Is Grasshopper Bank National Association an SBA Preferred Lender?
Yes, Grasshopper Bank National Association is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Grasshopper Bank National Association approved?
According to SBA FOIA public records, Grasshopper Bank National Association has approved 364 SBA 7(a) loans totaling $280.1M since 2020. Their average loan size is $770K.
What states does Grasshopper Bank National Association serve?
Grasshopper Bank National Association serves businesses in 43 states: Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, Montana, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, West Virginia, Wyoming.
How do I apply for an SBA loan with Grasshopper Bank National Association?
To apply for an SBA 7(a) loan with Grasshopper Bank National Association, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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