Is Lending Loop safe?
All deposits with Lending Loop are held at a Canadian chartered bank. All transfers and transactions are performed with a highly secure and reliable fund transfer system used by top financial institutions so that you can have peace of mind that your money is safely handled.
Even though the Borrower loan corresponding to a note may be guaranteed by an individual guarantor or secured, the nature of business lending means your investment can always decline in value. Keep this in mind whenever you are lending through the Marketplace.