Grasshopper Bank
Grasshopper Bank offers a wide range of digital-first banking solutions, including small business checking, startup banking, and venture capital & private equity banking, along with specialized fintech services and secure debit cards.
Banking Solutions Offered by Grasshopper Bank
Grasshopper Bank offers a wide range of banking solutions tailored to meet the needs of small businesses, startups, and venture capital & private equity firms. The bank's offerings include small business checking accounts, startup banking services, and specialized solutions for venture capital and private equity firms. These services are designed to provide comprehensive support to businesses at various stages, ensuring they have the financial tools needed to succeed.
Lending Solutions at Grasshopper Bank
Grasshopper Bank provides various lending solutions, catering to diverse needs. The bank offers SBA 7(a) and 504 loans for small businesses, which can be applied for through a digital application process. Additionally, Grasshopper Bank offers sponsor finance solutions, including senior secured term loans, revolving lines of credit, and fund capital call lines. Commercial real estate lending options are also available for properties such as multi-family units, medical offices, warehouses, industrial spaces, commercial flex spaces, and retail properties.
Fintech Solutions Specialized by Grasshopper Bank
Grasshopper Bank specializes in fintech solutions, offering API banking and Banking-as-a-Service (BaaS) to its clients. These advanced fintech services are designed to seamlessly integrate with clients' existing systems, providing them with innovative banking capabilities. The bank's digital-first approach includes features such as bill pay, ACH & wire transfers, and mobile check deposits, ensuring clients have efficient and modern banking experiences.
Enhanced Insurance and Debit Card Services
Grasshopper Bank offers enhanced FDIC insurance coverage up to $125 million through a sweep network, providing clients with added peace of mind. The bank also provides secure physical and virtual debit cards with customizable permissions for employees. One of the notable offerings is a rewards debit card that provides 1% cash back on qualified purchases, rewarding clients for their spending.
Dedicated Services for Venture Capital and Private Equity Firms
Grasshopper Bank caters specifically to the unique needs of venture capital and private equity firms. The bank provides flexible financing solutions that accommodate all stages of a fund's lifecycle. Clients benefit from having a dedicated relationship manager who offers personalized service and support. Additionally, the bank offers tools like the Accelerator Checking account, which features up to 4.00% APY when bundled with an Accelerator Savings account.