Lending Loop is a Canadian peer to business lending platform, which I enjoy for several reasons:
- Businesses use loans to support their development, whereas personal loans often have some measure of excess/luxury spending. I consider the risk of default less with the former, as a consequence. So far, this seems to be accurate.
- As I am repaid on a per loan basis, I can have a steady stream of funds available to either re-lend or withdraw for other purposes.
- The rates are competitive, for whatever risk level I am comfortable with: