Lending Loop Cash Back Program – Terms and Conditions

These Terms & Conditions apply to the Lending Loop Cash Back Program offered by Loop Funding Inc. (the “Firm” or “we”) to Lenders (“you” or “Lender”) as defined in Terms for Use of Website

What is the Lending Loop Cash Back Program?

The Lending Loop Cash Back Program (the “Cash Back Program”) allows a Lender to earn cash back (the “Cash Back Bonus”) on loan commitments made on the Lending Loop Platform  (the "Platform") during December 2019 where the corresponding loan is fully funded by February 14, 2020. Loan commitments must be made by means of our Offering Memorandum dated March 25, 2019.

Lenders will receive a Cash Back Bonus of $2,500 for loan commitments surpassing $50,000 lent to businesses and an additional $2,500 Cash Back Bonus if the loan commitments exceed $100,000 lent to businesses during the month of December 2019.  Only one Cash Back Bonus will be paid per Lender to a maximum of $5,000. All loan commitments must be fully funded by February 14, 2020.

Who is eligible for the Program?

The Cash Back Program is available to all existing and new Lenders committing to loans during the month of December 2019.  The Lending Loop account must be approved and in good standing and the investment must be determined to be suitable for the investor at Lending Loop's sole discretion.  

How is the Cash Back Bonus paid to eligible accounts?

The Firm will calculate a Lender’s Cash Back Bonus by determining the amount of loan commitments made through the Platform from 12:01 AM EST on December 1, 2019 through to 11:59 PM EST on December 31, 2019 (the “Promotional Period”) with respect of loans that are fully funded by February 14, 2020.  The Cash Back Bonus of either $2,500 or $5,000 will be deposited into Lender accounts on or about February 14, 2020. Loan commitments over $100,000 will only be eligible for one Cash Back Bonus of $5,000 and not multiple Cash Back Bonuses.

What can a Lender do with the Cash Back Bonus?

A Lender's Cash Back Bonus will be deposited into their account and added to the available cash balance on or about February 14, 2020.  Lenders can commit the Cash Back Bonus to a new loan or loans or they can withdraw it.

When can Cash Back Bonus not be paid?

Lending Loop may not credit a Lender's account if the account has been closed before February 14, 2020 or is in bad standing at any time during the Promotional Period.   The Cash Back Bonus will not apply to loan commitments that are cancelled or withdrawn for any reason.