Your business has been operating for 1 year or longer
Has greater than 100,000 in annual revenue
Is registered as a Corporation or Partnership
We screen loan applications from small businesses, and assign a loan grade to creditworthy borrowers. Lenders purchase securities (in the form of notes) that correspond to fractions of these loans. Lenders can select loans based on a larger number of criteria, including loan grade. By purchasing notes corresponding to many different borrowers, lenders can easily diversify their portfolio. As borrowers repay their loans, we credit the lenders’ Lending Loop account with funds that can be withdrawn or lent to more borrowers.
Businesses get access to the capital they need at fair rates, and lenders earn a return on their investment. All transactions take place on Lending Loop’s secure platform. We provide all of the agreements, screen and review all borrowers, and undertake collections in the event of a default.
Before a business is ever listed on our Marketplace, we give them a loan grade from A+ to E. Lenders can review the loan listings and select which loans they want to invest in. Borrowers make fixed monthly payments and investors earn interest on their investment as the principal is repaid.
No penalties, no hidden fees, zero cost to apply. Just a simple interest rate that suits your business.
Your 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.
We’ve made the lending process super-simple so you can get back to running your business and meeting your goals.
We’re driven to do the right thing. This means we put our clients first, ensuring they not only receive the best customer experience but also the most ethical one. This means we may lose some clients along the way - but we will all be better off because of it.
We help entrepreneurs and lenders make the best and most informed decisions by clearly showing them our data and the ups and downs of our offering. We pride ourselves in being advisors and providing answers to the difficult questions.
We strive to help create economic opportunities for small business owners across Canada, while providing a fixed income security to investors. But above all the day-to-day we do our best to maintain a positive and friendly demeanour in everything we do.
All loans on Lending Loop are funded through our community of investors. Investing in small business loans gives you access to stable monthly cashflow and diversification beyond stocks and bonds.