Lending Loop is Canada’s first regulated peer-to-peer lending platform, connecting investors with small and medium-sized businesses seeking financing. Investors can diversify their portfolios by lending to Canadian businesses, earning monthly fixed-income returns while supporting local economic growth. The platform offers an average return of 7.8%, with investments starting as low as $1,000, providing an accessible entry point for individuals looking to invest in private market opportunities.
For businesses, Lending Loop provides affordable loans ranging from $1,000 to $500,000 with flexible repayment terms up to five years. The platform offers a streamlined application process, quick approval times, and no early repayment penalties, making it an attractive alternative to traditional financing options. To be eligible, businesses should have at least one year of operating history, annual revenues over $100,000, and be registered as a corporation or partnership.
Additionally, Lending Loop has introduced Loop, a banking platform designed for Canadian businesses. Loop offers features such as a no-foreign-exchange-fee business credit card, free U.S. bank accounts, and access to market-leading foreign exchange rates, all aimed at supporting growing businesses in managing their finances more effectively.
- Lender servicing fee 1.5% per Year
- Borrower annual loan cost 4.96% – 24.93%
Lending Loop offers to invest in various crowdfunding opportunities from the SME sector.
At Lending Loop, you can start investing with US$1,000.
The investment models Lending Loop operates is P2P lending.
