Cato Pastoll and Brandon Vlaar both grew up in entrepreneurial families and saw their parents struggle to access funding in order to grow their businesses. When they reached their 20s, they realized their friends were experiencing similar challenges.
“We saw a gap in the current market offerings and decided to pursue the opportunities peer-to-peer lending could offer. Eventually that led us to launch Lending Loop,” says Pastoll, co-founder and CEO of Lending Loop.
Lending Loop is the first peer-to-peer lending platform in Canada that focuses on small businesses, and enables Canadians from across the country to lend money to small businesses at affordable rates.
Read the full Hamilton Spectator piece on Lending Loop here!