Grasshopper Bank approved 460 SBA loans worth $345.8M between October 2021 and June 2026, ranking #94 of 2,283 SBA lenders nationally by loan count. Its median loan was $500,000, and 17% went to startups or businesses under two years old. It lent in 47 states, most often in Florida, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Florida | 63 | $45.6M | $500,000 | #58 |
| California | 62 | $52.5M | $437,500 | #81 |
| Texas | 57 | $40.3M | $494,200 | #73 |
| New York | 28 | $19.6M | $409,000 | #67 |
| New Jersey | 24 | $15.0M | $500,000 | #54 |
| Colorado | 18 | $9.4M | $363,000 | #63 |
| Georgia | 16 | $10.2M | $350,000 | #90 |
| North Carolina | 15 | $8.3M | $500,000 | #63 |
| Michigan | 14 | $12.4M | $861,000 | #77 |
| Virginia | 14 | $5.4M | $350,000 | #62 |
| Tennessee | 12 | $7.1M | $481,000 | #44 |
| Arizona | 12 | $8.2M | $425,000 | #70 |
| Maryland | 11 | $14.2M | $589,000 | #52 |
| Pennsylvania | 11 | $5.2M | $500,000 | #93 |
| Illinois | 10 | $13.0M | $624,850 | #101 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 64 | $387,500 | |
| Restaurants and hotels | 58 | $500,000 | |
| Other services (repair, personal care) | 56 | $500,000 | |
| Professional and technical services | 54 | $500,000 | |
| Health care and social assistance | 46 | $400,000 | |
| Retail | 44 | $500,000 | |
| Administrative and support services | 33 | $500,000 | |
| Arts, entertainment and recreation | 18 | $500,000 | |
| Manufacturing | 18 | $442,500 | |
| Transportation and warehousing | 17 | $500,000 |