Lending Loop is Canada's premier Peer-to-Peer lending marketplace that connects individual investors with small businesses looking for financing.
Our core focus is providing businesses with accessible capital at fair interest rates through a simple online process. We do this by cutting out the costly intermediaries, such as banks, making affordable financing accessible to small businesses. Lending Loop gives all Canadians access to simple and attractive returns by supporting the growth of local Canadian businesses.
Auto-Lend gives lenders the ability to automate their investment strategy. Lenders can select from a list of preset plans or build their own.
Loop Securities Inc. is registered as an Exempt Market Dealer in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, Nunavut, Northwest Territories and Yukon.
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Ratings and Reviews
Good, but could be better
Should add in the ability to turn on auto-deposits from the app. Should also add marketplace.
LendingLoop is certainly a fantastic service online, so all this app needs to do to become similarly fantastic is to lend easy access to said services. The specifics have been mentioned in other reviews, but I will add that one very nice improvement would be to replace the current laborious method of logging in with an email and password with something like a four digit passcode. Anyway, I know this app has room and potential to grow, and I hope to see it happen.
Why bother with the app really, all you can do is check on investments. For some reason you can not see any of the potentials loans you can invest in. But you can add money to your account, yet nothing to invest in or research? Then after a few logins, you’ll have to enter all your information to login again. Why does this even exist, you can’t do anything except look at all the money you don’t have
Up to six family members will be able to use this app with Family Sharing enabled.