Grasshopper Bank partners with Lendio for SBA loans

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July 22, 2025

Grasshopper Bank teamed up with Lendio to offer small business administration loans on its market. The digital bank will use Lendio’s AI-powered decisioning tools to deliver an improved SBA experience, according to a press release.

Lendio’s platform will run financial spreading and debt service coverage ratio calculations for the underwriting. It can use this data to offer instant offers for qualified businesses.

“This partnership is a powerful expression of Grasshopper’s mission to deliver forward-thinking, tech-enabled banking experiences for small businesses,” Brennan Quenneville, head of SBA lending at Grasshopper Bank, said in the release. “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.”

“Small business financial services are overdue for modernization, and Grasshopper is leading the way,” Trent Miskin, chief product officer at Lendio, said in the release. “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.”