# Loop

Source: https://businessloanbroker.ai/lenders/loop-financial/
Site: BusinessLoanBroker.ai (powered by Levr)

> Loop gives Canadian businesses that trade internationally multi currency banking, cards and credit lines up to $1 million for invoices and purchase orders.

Loop is a Toronto fintech that gives Canadian businesses trading internationally a cross border banking platform with credit attached. It funds ecommerce brands, Amazon sellers, retailers and manufacturers with credit limits up to $1 million scaled to monthly sales, priced from 1.2% a month on invoices and 1.5% on purchase orders.

## Key facts
- **Products:** Purchase order and inventory financing, invoice financing, unsecured cards and credit lines
- **Funding range:** Credit limits up to $1,000,000, scaled to monthly sales
- **Repayment:** Revolving draws; monthly interest from 1.2% on invoices and 1.5% on purchase order financing
- **Security:** Unsecured cards and lines; inventory secured lines available
- **Operates in:** Canada, with cross border access to the US, UK and EU
- **Industries:** Ecommerce and Amazon sellers, retail brands, manufacturers
- **Founded and headquarters:** 2015 as Lending Loop, Toronto, Ontario

## What does Loop offer?

Loop offers banking first and credit second. The platform provides multi currency accounts, corporate cards, foreign exchange and payments for Canadian companies that buy or sell abroad, with account and card services delivered through partner banks. On the credit side it offers [purchase order and inventory financing](https://businessloanbroker.ai/business-loans/purchase-order-financing/), [invoice financing](https://businessloanbroker.ai/business-loans/invoice-financing/), and unsecured cards and credit lines, with limits up to $1 million scaled to your monthly sales. Its website is bankonloop.com. It publishes more than $100 million deployed to over 3,000 businesses, as a company figure.

## Who does Loop fund, and who do they decline?

Loop funds Canadian businesses that trade internationally: ecommerce and Amazon sellers, retail brands and manufacturers with suppliers or customers in the US, UK or EU. Credit is sized to monthly sales, so a business with meaningful recurring revenue through the platform gets the larger limits.

It does not publish minimums or decline criteria. The profile notes that lending became a secondary product after Loop shifted from peer to peer lending to banking in 2022, so a business that only wants a loan and no banking relationship may be better served by [FundThrough](https://businessloanbroker.ai/lenders/fundthrough/) or [8fig](https://businessloanbroker.ai/lenders/8fig/). Non Canadian businesses are not eligible.

## What does it typically cost and how fast is it?

Loop publishes its starting prices: monthly interest from 1.2% on invoice financing and from 1.5% on purchase order financing, charged on what you draw. Over a 60 day cycle that is roughly 2.4% to 3% of the amount, which sits in the normal range for trade financing; compare with our [invoice financing](https://businessloanbroker.ai/business-loans/invoice-financing/) page. Other fees and funding speed are not published. Banking fees are separate from financing costs, so ask for both.

## What will you need to apply?

Opening a Loop account means standard business banking verification: incorporation documents, owner ID and ownership details, plus bank statements. For credit, connect your sales platforms and provide invoices or purchase orders and supplier details. Our [document checklist](https://businessloanbroker.ai/guides/document-checklist/) covers the financing side.

## How does Loop compare with similar lenders?

[8fig](https://businessloanbroker.ai/lenders/8fig/) funds ecommerce inventory in stages tied to a supply chain plan for US and Canadian sellers above $100,000 a year, without banking. [FundThrough](https://businessloanbroker.ai/lenders/fundthrough/) factors B2B invoices for US and Canadian businesses at a published 1.9% to 2.9% per 30 days. Loop is the only one of the three that bundles multi currency banking, cards and foreign exchange with the credit, which is the reason to choose it.

## How to apply

Apply once on this site and matching shows whether Loop, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our [MCP server](https://businessloanbroker.ai/agents/). A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you.

| Lender | Products | Funding range | Operates in | Best suited for |
|---|---|---|---|---|
| Loop | PO and inventory financing, invoice financing, cards and lines | Up to $1,000,000 | Canada, cross border to US, UK, EU | Canadian businesses trading internationally that want banking and credit together |
| 8fig | Inventory and revenue based financing | Sized to plan; $100,000 annual revenue minimum | United States and Canada | Ecommerce sellers needing recurring inventory capital |
| FundThrough | Invoice factoring | Up to $999,999 outstanding on standard terms | United States and Canada | US and Canadian B2B businesses waiting on invoices from creditworthy customers |

## Questions and answers
**Is Loop a bank?**

No. Loop is a fintech platform; its accounts and cards are provided through partner banks. It offers banking style services with credit attached.

**What does Loop charge for financing?**

Published starting rates are 1.2% a month on invoice financing and 1.5% a month on purchase order financing, with limits up to $1 million scaled to monthly sales.

**Do I need to bank with Loop to borrow?**

The profile describes lending as a secondary product within the banking platform, so expect to open an account. Ask whether credit is available on its own.

## Related
- [8fig](https://businessloanbroker.ai/lenders/8fig/)
- [FundThrough](https://businessloanbroker.ai/lenders/fundthrough/)
- [Purchase order financing](https://businessloanbroker.ai/business-loans/purchase-order-financing/)
- [Invoice financing](https://businessloanbroker.ai/business-loans/invoice-financing/)

## Apply
Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-lender-loop-financial
MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)