Grasshopper Bank is proud to announce the launch of its Small Business Administration (SBA) lending initiative. This initiative is designed to provide small businesses with access to capital to help them start, grow, and expand.
Benefits of SBA Loans
SBA loans offer a number of benefits for small businesses, including:
- Low interest rates
- Long repayment terms
- Flexible repayment options
- No personal collateral required
Types of SBA Loans
Grasshopper Bank offers a variety of SBA loans, including:
- 7(a) loans – These loans are available for a variety of purposes, including working capital, equipment purchases, and real estate acquisition.
- 504 loans – These loans are used to finance the purchase of fixed assets, such as real estate and equipment.
- Microloans – These loans are available for amounts up to $50,000 and can be used for a variety of purposes, such as working capital, inventory, and equipment purchases.
How to Apply for an SBA Loan
To apply for an SBA loan, you will need to:
- Complete a loan application
- Provide financial statements
- Provide a business plan
- Provide personal and business references
Grasshopper Bank will review your application and make a decision within 30 days.
Contact Us
To learn more about Grasshopper Bank’s SBA lending initiative, please contact them at (800) 555-1212.
Kind regards N. Bauer