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 [...]
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For many small business owners, the idea of more accounting and legal paperwork that comes with incorporation can be a scary thought. In this post, we explore what incorporation means as well as the benefits and drawbacks for small business owners across Canada. What does “Incorporated” mean? When you drive down a highway, you will [...]
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Now there’s a better way to borrow and a smarter way to lend. With the launch of Lending Loop, middle-class Canadians can grow their personal wealth by lending to the small businesses at the heart of their community and across Canada. Traditionally, Canadians have had little choice when it comes to investing their money. Purchasing [...]
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The Globe and Mail | Clare O’Hara | September 10, 2015 Canada’s first peer-to-peer lending platform is set to launch this fall allowing Canadian investors the opportunity to fund small local business ventures. Peer-to-peer lending has been a controversial issue within the Canadian marketplace, with many providers opening their platforms only to institutional and accredited […]
Lending Loop allows you to lend to small and medium sized businesses. Even though your loan may be guaranteed or secured, the nature of business lending means your investment can always go down as well as up. By accessing this site you agree to be bound by its Terms of Use and Privacy Policy.
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