What documents do I need in order to apply?
Applying for a loan through Lending Loop is quick and easy and typically takes less than 5 minutes to complete. In order to complete the initial application, we require that you submit the following documents:
Year to date statements (income statement and balance sheet for the current fiscal year)
Previous two fiscal year end statements (it's best that these are prepared by your accountant but management prepared will be accepted in some instances)
Once a completed application is received, our team will be able to provide you with a preliminary rate within 48 hours. If approved, we will require a few due diligence documents to support the application in order to finalize our offer. The due diligence documents required include:
Last 6 months of bank statements (for the company)
Latest Notice of Assessment from CRA (if you don't know what a NOA is or looks like, more information can be found here)
Articles of Incorporation
Additional documents may be required on a case by case basis and will be communicated by your dedicated account manager.