14 August 2018

How Interest Rates Should Be Calculated: APR of Term Loan or MCA?




If you are a small business owner looking for financing – you have a few options to consider, and it is important to run the numbers on different interest rates before taking on any new debt financing. If your business has great credit and doesn’t mind a lengthy application process – you’ll likely be best off […]

Continue Reading

10 August 2018

Why You Should File Your Taxes on Time as a Business Owner




As a business owner, filing taxes isn’t just a legal obligation, it is also a major consideration for commercial banks and reputable lenders in assessing the risk associated with providing businesses financing.  When businesses fail to file their taxes, it has major negative implications towards their ability to apply for, and receive, an affordable small-business loan. It is a […]

Continue Reading

24 February 2017

Lending Loop – How loans reach the marketplace




One question we’re asked a lot of at Lending Loop is how are businesses and their loan applications evaluated? In this post, we’ll walk through the behind the scenes work that goes into evaluating each application at Lending Loop. There are 4 steps that a business goes through to be listed on the marketplace. Step […]

Continue Reading

22 February 2016

How P2P Lending Works




Traditionally, when a company or a person wanted a loan, they would often go to the only place where they could get one: the bank. But now there’s another option called peer-to-peer (P2P) lending. P2P lending started about a decade ago and came to Canada only recently. Companies like Lending Loop act as an intermediary [...]
Continue Reading