Our minimum loan qualification criteria:
Financing built for your business
Lending Loop gives you access to financing from lenders across Canada to get a term loan at a fair rate. We know not every business fits into a neat box (like what the big banks want to see), and we make decisions on lending with that in mind. Modern technology has allowed us to reinvent the lending model and make every step of the process more efficient. We’ve got you covered with flexible options for almost any type of capital requirements. Everything is securely handled online, so you can spend more time running your business and less time thinking about financing.
Popular Reasons to Borrow
Business Expansion, Inventory Purchases, Working Capital, New Equipment, Staffing, Contact Bids, Marketing, Refinancing, and more.
How Lending Loop Works
It take's just five minutes to complete our simple online loan application. We'll ask some straightforward questions about your business’ details and performance.
Lending Loop’s credit team evaluates your loan request to determine which product is the best fit for your business.
Once you accept your personalized offer, our community of investors will fund your loan on our marketplace. Once funded, the money will be transferred to your bank account.
Borrow amounts from $1,000 to $500,000 to help build your business in whatever way you need, with no early repayment penalties.
Rates starting at 4.96%.
"Lending Loop was very clear. The origination fee was fair. It was a monthly repayment, which worked in favour of the business because it meant I wasn't automatically losing a chunk of my daily sales like I would be if I were using a merchant cash advance. Working with Lending Loop was easy. Everything was online and I was able to sync my financials very quickly."
"Lending Loop was very clear. The origination fee was fair. It was a monthly repayment, which worked in favour of the business because it meant I wasn't automatically losing a chunk of my daily sales like I would be if I were using a merchant cash advance. Working with Lending Loop was easy. Everything was online and I was able to sync my financials very quickly."
No penalties, no hidden fees, zero cost to apply. Just a simple interest rate that suits your business.
We’ve made the lending process super-simple so you can get back to running your business and meeting your goals.
Your business loan should work for you! There are no penalties or fees for early repayment.
No need to visit a bank branch or talk to a financial gatekeeper – just apply online. The process is simple and takes less than 30 minutes.
Lending Loop has been covered in:
“Lending Loop has been quietly developing its technology over the past year, with a focus on both simplifying and optimizing business financing for lenders and borrowers alike. While many platforms have gained traction internationally, the Canadian market remains untapped, the Canadian company says.”
“The Canadian P2P lending market got a boost this month when the Ontario government announced it would contribute $3-million over the next two years to loans funded on Lending Loop’s platform. The Ontario government will fund up to 10 per cent of small business loans, supporting funding of $30-million.”
“The process was simple, streamlined and straightforward,” “Within two-and-a-half hours, we had raised the $100,000 we needed. Lending Loop is different in that the lenders care about our business—they may even be customers or become customers to see what their money is achieving.”
Start your no-obligation loan application right now. This won’t affect your credit score.
Whatever you need a loan for, Lending Loop is there to help you. We’re focused entirely on small businesses and getting them the funds they need. We understand that access to lending is important to help your business grow. You can borrow for almost any business purpose, including:
Equipment purchases, Contract bids, Hiring employees, Renovation or expansion, Inventory purchases, Marketing, Refinancing, and Working Capital Bridge
Fill out our contact form or give us a call (we’re available 9-6, Monday to Friday) if you still need some answers, and somebody from the Lending Loop team will get back to you shortly.
We wrote a borrowing guide if you want a little more detail on how the process works. Download it to get step-by-step instructions on borrowing with Lending Loop.
