Loop Review 2026Apply Now Check if I Qualify ↓
Written by our editorial team from platform data.
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Quality Lender
Meets our full vetting standard: licensing verified in every province served, transparent pricing, and accessible support.
Quality Lender status held three consecutive years without a compliance issue.
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7 reviews from borrowers who used Loop. Reviews are moderated; lenders cannot remove them.
If you are a Canadian business struggling with the old bank system, this is a game changer. For us, we are already seeing incredible benefits after over a month of using them. You will fall in love with your bank again!
Loop has allowed us to save on FX fees and made it easy to run our business which spans Canada and the United States.
We’re a new and quickly expanding brand in Canada that operates primarily online, with retail locations as well. As we were growing our business and looking for working capital we discovered Loop. It was super simple and a game changer for us. Being of the digital age, and working with Shopify, we are used to working online and looking for a process that was simple, fast and focused on our needs. We found Loop and gave them a try. It’s been great. The process wasn’t cumbersome and/or invasive. We’ve seen immediate results and they’ve continued to partner with us as we grow
Loop has been an excellent tool for managing my business finances. Quick setup and intuitive UI.
"They made accessing a line of credit for my startup simple and stress-free."
Loop's dashboard helps me stay on top of my spend. Huge help as a new founder.
Great for Canadian businesses needing flexible capital access.
Loop is a banking platform built specifically for the needs of growing ecommerce businesses. Loop offers a multi-currency corporate Mastercard®, seamless payments to suppliers around the world at market-leading FX rates, real US Dollar bank accounts and capital solutions for D2C brands.
Loop’s Capital products are flexible and affordable. There are two fees that may apply when accessing Loop’s Capital products. All capital products have an associated cost of borrowing which is the interest rate charged on the outstanding balance. Interest rates range from 0.8% - 2% per month.
The credit limit you are granted will depend on your business’ performance over the past several months. Your credit limit will automatically scale every month to make sure that your limit is sufficient for you to pay for all of your business expenses with Loop Card.
You can use Loop Card anywhere Mastercard® is accepted. You just have more countries where you can spend like a domestic card. As a Mastercard product, you are able to seamlessly pay a supplier, make advertising purchases, or use it for any other business expense internationally.
Loop's first product is a corporate card that has features and benefits that are specifically designed to support the growth of cross-border businesses. Multi-currency support, an extended repayment grace period and credit limits based on sales.
Loop's team has been building financial products for Canadian businesses for the better part of a decade. Since day 1, they have been exclusively focused on supporting the small business ecosystem. Coming from families of small business owners, they understand the challenges SMBs face and have advocated for banking reform and lent more than $100M to businesses across the country.
