TORONTO March 7, 2018 – Lending Loop, Canada’s leading regulated peer-to-peer lending platform for small business loans, now allows corporations and other entities to invest in small business loans through its online platform. The launch of Corporate Lending will expand small businesses’ ability to access fast and affordable financing while enabling more lenders to earn attractive returns. To date, Lending Loop’s platform has facilitated over $16.5 million in loans to businesses across Canada.
“The launch of Corporate Lending is a significant step forward for the industry in Canada because it expands the investor types who can participate in funding the growth of small businesses,” said Cato Pastoll, co-founder and CEO of Lending Loop. “We hope to continue increasing access for both investors and borrowers on our marketplace as it furthers our mission to create a new and better way to access capital.”
Since its founding, Lending Loop has strived to bring together the interests of Canadian investors and small businesses. Corporate Lending is an important next step in Lending Loop’s mission of providing Canadian businesses with a better way to borrow and Canadian investors with a smarter way to lend.
About Corporate Lending:
Corporate Lending allows corporations and other entities to become Lenders on the Lending Loop platform. This allows institutions to use their capital to invest in the new and exciting asset class of private business debt and access attractive, diversified returns. Corporate Lenders are able to gain access to the existing Lending Loop Investor experience. There are no additional fees for using Corporate Lending. For more information about lending on Lending Loop, please visit www.lendingloop.ca/lenders.
About Lending Loop:
Lending Loop is Canada’s leading regulated peer-to-peer lending marketplace, allowing Canadians to invest their money in small business loans. Lending Loop allows businesses to access debt financing at affordable interest rates through a simple online process. They do this by cutting out costly intermediaries, allowing Canadian businesses and investors to prosper together. To find out more visit www.lendingloop.ca. Lending Loop makes its lending data publicly accessible at lendingloop.ca/statistics.
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