Lending Loop Reviews and Ratings

Lending Loop is a small business loan marketplace that specializes in peer-to-peer lending. It is the only regulated marketplace of it’s kind in Canada. Business owners have the option to apply for a loan anywhere between $5,000 and $250,000. The entire process is completed online, which means you’ll have more free time to devote to your business and worry less about financing.

Brings Together Businesses and Lenders

Business owners fill out an application, are evaluated by the Lending Loop team and are then added to the marketplace where potential lenders can commit to lending them the money they need.

Business Hours
Monday-Friday: 9am to 6pm (ET)

Support Offered
Help Center/Blog Email Support

Services Offered

Peer to Peer Commercial Loan

Conditions & Rates

Interest rate:
Starting at 5.9%
Amount:
$5,000 – $500,000
Term:
3 – 60 Months

Eligibility & Documents

Who is eligible:
Canadian resident over 18
Annual sales over $100,000
At least 1 year in operations
Guarantor credit score over 600
What you need to provide:
Financial Statements: Year-to-Date and 2 Previous Years

Repayment & Issuance

How fast can you get the money
1 – 30 Days
Funding method
Direct Deposit
How does repayment work
Monthly Repayment from Bank Acocunt

Reviews & Ratings

Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.