Lending Loop Business Loans in Canada, Flexible Online Funding for Small Businesses up to $500,000
Lending Loop’s fast online funding for small businesses across Canada, offering loans up to $500,000 CAD, competitive rates from 6% and flexible repayment terms that match your cash flow
Why Lending Loop fits Canadian small businesses
Lending Loop offers a practical alternative to big banks for Canadian entrepreneurs seeking a business loan. Their platform connects small businesses across Canada with a community of investors, providing loans from $1,000 up to $500,000 CAD and competitive interest rates starting around 6%.
Because the process is fully online, business owners in Ontario, British Columbia, Alberta or the Maritimes can apply without visiting a branch. Lending Loop’s model suits firms needing working capital, equipment purchases or growth funding that match seasonal cash flow in local markets.
Costs, terms and eligibility explained
The cost of a Lending Loop business loan depends on your rate, term and origination fee; APRs can range broadly, and typical loan terms run from 3 to 60 months. Expect origination fees in the 1%–6% range, and remember that prepayment is generally allowed so you can save on interest if revenues spike.
Eligibility is straightforward for Canadian businesses: a Canadian bank account, at least one year in operation, minimum annual revenue around $100,000, and a credit score usually of 600 or higher. Directors should meet residency requirements for Canadian corporations, which keeps the process aligned with local regulations and tax reporting norms like GST/HST considerations.
How the application process works and how fast you can get funded
Applying for a Lending Loop business loan is done entirely online: create a profile, submit basic business information and financials, and provide bank details. A dedicated account manager reviews your file, answers questions and helps present the loan to the investor pool.
Funding speed can be a few business days after approval, depending on documentation and investor interest. For many Canadian small businesses, that speed and the transparency of listed terms are a practical benefit compared with lengthy bank timelines.
Pros, cons and when to choose Lending Loop
Lending Loop stands out for flexible loan amounts up to $500,000 CAD, competitive starting rates, tailored repayment schedules and an online experience that fits modern small business needs. The dedicated account manager and investor-backed funding give an alternative route to capital outside traditional lenders.
On the flip side, Lending Loop requires minimum revenue and solid credit, and fees vary by loan profile, so comparing offers is wise. Choose a Lending Loop business loan if you need fast, flexible financing for expansion, inventory or to stabilise cash flow—especially if you prefer an online, Canada-focused lender that understands local business cycles.