Lending Loop is Canada’s first regulated peer-to-peer lending platform for Canadians to lend money to small businesses. Lending Loop introduces both retail and institutional capital to small businesses through term loans. Frustrated by the inefficiencies of traditional banking, and the predatory rates charged by merchant cash advance companies, Lending Loop has set out to provide affordable financing to Canadian small businesses while simultaneously contributing positive investment returns to Canadian investors.
The online model allows businesses’ loan applications to be evaluated using sophisticated decision models supported by hundreds of data points. Using this technology, Lending Loop aims to advance the Canadian lending ecosystem into the twenty-first century by providing accessible capital at fair rates to promising SME’s while simultaneously improving fixed income returns for lenders.