Lending Loop is Canada’s first fully regulated peer-to-peer lending platform focused on small business.
Small businesses in Canada are underserved by traditional institutions when it comes to their financing needs. This has created an environment where small and medium sized businesses struggle to access affordable financing, as traditional financial institutions are burdened by significant operating costs that make issuing smaller loan amounts unprofitable. Connecting small businesses with Canadian investors is Lending Loop’s way to help these small businesses grow.
Canadian investors have had little choice when it comes to alternative investments over the past few decades. While institutions had access to small business loans as an asset class, ordinary investors were stuck investing in the stock market and real-estate. Futher, savings accounts and GICs are currently yielding less than inflation. With Lending Loop, Canadian investors have a new method to diversify their portfolio with small business loans which offer an attractive return and benefit the Canadian economy
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I have no words to thank the lenders at the Lending Loop. Their trouble-free service and instant credit into my account were more than surprising for me. I was able to get my bike fixed and pay for the repair instantly. They were like a blessing in disguise for me.