Industry News

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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Lending Loop Announces Partnership with the Province of Ontario to Provide Funding for Small Businesses

For additional questions or interviews please contact jason.easton@ontario.ca or cato@lendingloop.ca TORONTO May 2, 2018 – Lending Loop, Canada’s regulated peer-to-peer lending platform for small business loans, has announced a pilot project in partnership with the Ontario government to support the growth of small businesses. This pilot project will help small businesses address challenges they face …

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Lending Loop Surpasses $10M in Loans to Small Businesses Across Canada

TORONTO Oct. 18, 2017 – Lending Loop has officially helped provide financing of more than $10 million to small businesses across Canada. To date, the company, which is Canada’s premier peer-to-peer (P2P) lending platform, has helped over 180 small businesses in a variety of industries access funding to expand their businesses. Speaking on the achievement, …

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A Simple Guide to Canada’s Proposed Small Business Tax Reforms

On July 18, the Liberal Government proposed small business tax reform. The draft legislation proposed by Finance Minister Bill Morneau has been a much-debated topic over the past few months. This blog post will: Provide an overview of three of the proposed tax changes; Outline monetary examples of how the new legislation could affect small business …

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Press Release – Lending Loop Launches as Canada’s First Regulated P2P Lender

Canada’s first peer-to-peer lender, Lending Loop, has opened its doors after completing its registration with the Ontario Securities Commission (OSC) and other securities regulators. The company today launched its platform to investors and small businesses across the country. The launch follows extensive efforts by the company’s founders to chart the course for peer-to-peer lending in Canada. …

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Lending Loop, peer-to-peer, lending

Empowering People – Welcoming Innovation (Addressing The Sharing Economy)

Lending Loop’s CEO, Cato Pastoll, recently joined Mr. Hudak in announcing Sharing Economy 2, a Private Member’s Bill that addresses regulatory challenges faced by companies that operate in the sharing economy. This bill specifically focuses on Fintech which has become a rapidly growing industry in Canada. Unfortunately, Fintech in Canada continues to face an uphill …

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OPEN LETTER: Lifting the Veil on Peer-to-Peer Lending in Canada (By NCFA Canada)

On behalf of the National Crowdfunding Association of Canada (NCFA), its members and affiliates, we would like to highlight the urgent need for governments and regulators to actively promote the growth and development of Canada’s nascent peer-to-peer marketplace lending (P2P Lending) industry to unlock potential benefits for borrowers and investors. 10 Facts about P2P Lending: …

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