Lending Loop Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Vlad Sherbatov
Each product is priced separately. Compare them below.
Three questions checked against Lending Loop's published criteria, per product. No application started.
Lending Loop underwrites the guarantor as much as the business: a personal credit score over 600 stands behind the corporate file.
The published credit test attaches to the guarantor rather than the company. A personal score over 600 has to stand behind the corporate file. The business brings the sales and the operating year; a person brings the credit.
The document ask is accountant territory. Financial statements are required for the year to date and for the two previous years, and a healthy bank balance without prepared statements does not satisfy it.
3 reviews from borrowers who used Lending Loop. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
Lending Loop is an easy way for me to invest my money with high returns, while also helping local business in my community. It's a win-win. Been using it for over a year and I have no complaints.
I got a really good rate on my loan. Helped my business and the experience was good overall. Got funded in 10 days.
Do not even try this company for small business loan. very high interest rate.
Lending Loop is Canada's first and only regulated peer-to-peer lending marketplace focused on small business. Lending Loop's focus is on providing businesses with accessible capital at affordable interest rates through a simple online process. Lending Loop does this by cutting out the costly intermediaries, making affordable financing and faster decision making accessible to small businesses.
Yes. Lending Loop gives Canadians access to a new fixed-income access class which provides simple and attractive returns, allowing them to support the growth of local Canadian businesses. Lending Loop has a network of 11,000+ active lenders that have lent more than 70+ million to Canadian small businesses. Lending Loop has been covered in Tech Vibes, The Globe and Mail and the Financial Post. They have an office in Toronto, but support businesses and their communities across the country.
The Lending Loop offers peer to peer business loans.
You can borrow amounts from $1,000 to $500,000 with Lending Loop.
The interest rate on a Lending Loop loan starts at 4.96%.
Terms on Lending Loop loans range from 3 to 60 months.
You can apply for a Lending Loop loan online. The process takes less than 30 minutes. You'll need to show that you're a Canadian resident over 18, have annual sales of over $100,000, have been in business for at least 1 year and have a guarantor credit score over 600. Aside from that you’ll also need to provide financial statements that showcase year-to-date and 2 previous years.
Yes, you can apply for a Lending Loop loan online with a quick application within five minutes. You'll be asked some straightforward questions about your business details and performance. Lending Loop’s credit team will then evaluate your loan request to determine which product is the best fit for your business.
If approved then you can receive your loan funds from Lending Loop in as little as one day, while sometimes funding can take up to 30 days.
Once you accept your personalized offer, Lending Loop's community of investors will fund your loan on their marketplace. Once funded, the money will be transferred to your bank account.
Lending Loop loans are repaid through pre-authorized payments from your bank account.
Lending Loop is available anywhere in Canada.
You can contact Lending Loop through email support, their blog/help centre and by phone.
You can apply for a Lending Loop loan online or they can be contacted by phone during 9AM-6PM EST, Monday to Friday.
