Grasshopper Bank National Association
Grasshopper Bank, National Association is a client-first digital bank serving small businesses, startups, and investors across the innovation economy. Headquartered in New York City, it is an FDIC-insured member bank chartered by the Office of the Comptroller of the Currency, providing banking services primarily throughout the New York City metropolitan area and Northern California.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (23 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Grasshopper Bank National Association ranks #85 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Grasshopper Bank National Association’s 7(a) acquisition lending falls in the $0-$500K range: 7 loans, 30.4% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 7 | 30.4% | |
| $500K-$1M | 4 | 17.4% | |
| $1M-$2M | 5 | 21.7% | |
| $2M-$3M | 4 | 17.4% | |
| $3M-$4M | 2 | 8.7% | |
| $4M-$5M | 1 | 4.3% |
Industries with highest loan volume
Car Washes
2
loans
$892K
avg. amount
Bowling Centers
2
loans
$2.7M
avg. amount
Snack and Nonalcoholic Beverage Bars
1
loans
$630K
avg. amount
Title Abstract and Settlement Offices
1
loans
$870K
avg. amount
Drycleaning and Laundry Services (except Coin-Operated)
1
loans
$1.7M
avg. amount
Child Care Services
1
loans
$500K
avg. amount
Offices of Certified Public Accountants
1
loans
$2.0M
avg. amount
Other Activities Related to Credit Intermediation
1
loans
$500K
avg. amount
Offices of Physicians (except Mental Health Specialists)
1
loans
$500K
avg. amount
Limited-Service Restaurants
1
loans
$351K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Grasshopper Bank National Association’s median variable rate is + 2.75%, against a market median of Prime + 1.88%, 88 above market.
It priced below the market median in 1 of the last 4 quarters.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.82% |
| $500K-$1M | Prime + 2.25% |
| $1M-$2M | Prime + 2.25% |
| $2M-$3M | Prime + 2.75% |
| $3M-$4M | Prime + 1.88% |
| $4M-$5M | Prime + 1.50% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q3 '22 | Prime + 2.75% | Prime + 1.75% | Prime + 1.25% – Prime + 2.25% | 3 |
| Q1 '23 | Prime + 1.75% | Prime + 1.75% | Prime + 1.25% – Prime + 2.25% | 3 |
| Q1 '24 | Prime + 1.75% | Prime + 2.00% | Prime + 1.48% – Prime + 2.50% | 3 |
| Q2 '24 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
Grasshopper Bank National Association has originated 7(a) acquisition loans in 12 states, most actively in California (5), Florida (3) and Colorado (3). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| California | 5 | 21.7% |
| Florida | 3 | 13.0% |
| Colorado | 3 | 13.0% |
| New Jersey | 3 | 13.0% |
| Michigan | 2 | 8.7% |
| Kansas | 1 | 4.3% |
| Massachusetts | 1 | 4.3% |
| New York | 1 | 4.3% |
| Idaho | 1 | 4.3% |
| Oklahoma | 1 | 4.3% |
| Indiana | 1 | 4.3% |
| Connecticut | 1 | 4.3% |
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