Lending Loop Business Loan Canada: Flexible Financing Up to $500,000 from 6%
Lending Loop business loans for Canadian small businesses, flexible terms, online approvals, rates from 6% up to $500,000
Why Lending Loop stands out for Canadian small businesses
Lending Loop is a clear alternative to traditional banks for Canadian small business owners seeking growth capital. The platform connects entrepreneurs with private investors and offers loans that can suit cash flow, inventory purchases, or equipment upgrades.
With competitive rates and online approvals, Lending Loop streamlines borrowing across provinces and territories. Business owners benefit from transparent terms, a dedicated account manager, and loan sizes that scale with their ambitions.
Loan features, amounts and costs you should know
Loans range from modest sums to more substantial capital—up to CA$500,000—making this an option for a wide range of needs. Typical APRs start at around 6% and extend depending on revenue, credit profile, and term length.
Repayment flexibility is strong: terms commonly span 3 to 60 months, and prepayment is usually allowed without penalty. Be aware of origination fees and the overall APR when comparing offers to ensure true cost transparency.
Eligibility, application and approval process in Canada
Qualifying generally requires at least one year in business, a minimum annual revenue threshold (commonly around CA$100,000), and a Canadian bank account. Directors should meet residency and age requirements specific to their province or territory.
Applying is done entirely online: create a profile, upload proof of sales and basic documents, and provide banking details. A dedicated account manager reviews your file and, once approved, the loan is funded by the investor community—payments then hit your bank account.
Pros, cons and how to choose the right loan
Major advantages include higher maximum amounts, personalised terms, and an end-to-end digital experience tailored to Canadian entrepreneurs. This makes Lending Loop attractive for seasonal businesses and scaling tech or retail operations across Canada.
On the flip side, smaller firms with lower revenues may not qualify, and fee structures can vary by application. Compare the effective APR, term length, and total repayment cost against other Canadian lenders before committing.
Looking to take the next step? Gather your financial statements and run a quick online quote to see your estimated rate. Compare offers from multiple lenders to find the best balance of rate, term and financing speed for your business.
Acting fast can mean capturing growth opportunities—consider a Lending Loop application if you need flexible funding from a lender that understands Canadian market realities and small business cycles.