Lending Loop

Avg. Rating
4/5
Lending Loop is Canada’s first and only regulated peer-to-peer lending platform focused on small businesses. With a core vision of providing growing Canadian businesses with accessible capital, at the most affordable interest rates, through a simple online process.
Contact Info
1-866-651-4241
contact@lendingloop.ca
9am – 6pm (EST) Monday – Friday
410 Adelaide St W Toronto, ON, M5V 1S8
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Financing & Loan Details

Interest Rate

4.96% per year

Time of Funding

1 – 2 Weeks

Required Documents

Financial Statements, including Year-to-Date, and 2 Previous Years

Amounts Offered

$5,000 – $500,000

How does repayment work?

Monthly repayment

Eligibility

Canadian resident over 18
Annual sales over $100,000
At least 1 year in operations
Guarantor credit score over 600

Term Length

Flexible Term Lengths

Funding Method

Direct deposit

Lending Loop Review

Lending Loop is Canada’s first, and only p2p lender focused on small businesses and their owners.

Founded in 2015, Lending Loop helps small business owners in industries ranging from construction and contracting, to retail, and eCommerce, access affordable and flexible business term loans.

Providing amounts up to $500,000, with rates starting from 4.96%, business owners can access capital to finance new inventory, expand locations, hire employees, and more.

With thousands of customers to date and reliable staff, you can trust that Lending Loop has your best interests in mind.

Lending Loop also provides a line of credit via their partner company Loop Line of Credit.

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Why Choose Lending Loop?

  • Dedicated Lending Loop Account Manager will work with you to establish an affordable rate and flexible payment plan tailored to your business’s needs. 
  • Rates from 4.96% per year
  • Loans from $1k – $500k
  • Funds within 48 hours
  • A Simple 10-minute loan application process
  • Most affordable online business lender
  • A free, online loan application that does not impact your credit score

Get a Business Loan Quote in Minutes 

Visit lendingloop.ca to learn more about term lengths, amounts offered, average rates, and apply for financing

All applications carry no obligation and will not impact your credit score.

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Ryan Watkins

Ryan Watkins

Ryan is the Founder & Editor-in-Chief of The Rise SMB. He began this site as a way to help small business owners better understand the financial services, loans, and software available to them.

He has a Bachelor of Arts in Political Science from the University of Toronto and has served in various management & executive roles within the financial services industry, including most recently as the Head of Growth for leading Canadian Business Lenders, Loop & Lending Loop.

Much of Ryan's work has focused on providing accessible capital and credit building services to Canadian small business owners and entrepreneurs. In his spare time, Ryan loves bouldering, backpacking and drinking inordinate amounts of coffee.

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