Lending Loop

Lending Loop™, Canada's first fully regulated peer-to-peer lending platform focused on small business.

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Investor Education: Why Businesses are Turning to Lending Loop to Support their Growth

Overview The picture above is a quick snap-shot of where Canadian businesses can go to get loans to support their continued growth. From left to right we can measure how quickly businesses can access financing, from month-long processes down to funding in a few days or even hours. And from the bottom up, we measure …

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What is Credit Card Utilization?

There are many factors that influence your credit score which can positively or negatively impact your ability to attain fair and affordable financing. While your payment record may be stellar, your credit card utilization is also factored in and represents approximately 30% of your credit score calculation. If your utilization is low, it can help your …

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Alternative Lenders and Online Lending In Canada

On October 26, 2017, the Canadian Lenders Association (CLA) and the Innovative Lending Platform Association (ILPA) announced the introduction of the “SMART Box”.  The SMART Box is a standardized pricing disclosure and capital comparison tool that will enable Canadian small businesses to better assess and compare their financing options. Rather than having key information scattered …

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5 Steps to Better Manage Your Credit Score

Turned away from a loan or mortgage application because of your credit score? Weak credit scores are not only a major barrier to receiving financing from a bank or alternative lender but they also negatively impact your ability to attain the best rate possible. Improving your score is a slow but sure process – like fixing up an old …

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Benchmarking Your Business’s Performance Relative to Industry

Knowing where your business stands relative to the industry is key for setting goals and measuring growth as a business owner. Canada is a hub for a number of businesses across various industries, each of which has different standards and financial performance indicators. To compare apples with apples, it is important to use industry-specific information …

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Business Core Values: Why Are They Important?

Your business core values or “corporate values” has been a buzz-term thrown around in business literature for many years. So, what are they? Are they important? Yes – the idea of corporate values has been diluted in recent years to include almost every virtue under the sun, but it’s important to find your specific company’s …

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Merchant Cash Advance vs. Small Business Loan: What’s the Difference?

There are various types of business loans that help businesses purchase equipment, expand operations, deal with seasonal issues, and more. The two most common types of business loans that are generally used for working capital are Merchant Cash Advance a Small Business Loan. Both provide fast access to capital, and approximately the same amount of …

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