The lowdown on Small Business Peer to Peer Lending in Canada

Peer to peer lending has been around in the USA and UK for over 10 years. 

Basically, it allows business owners to seek financing directly from local investors who can contribute as little as $25 to a loan. 

LendingLoop.ca is the first platform to do this in Canada and I had the chance to interview the CEO, Cato Pastoll about their successes and challenges in Canada’s very unique securities regulatory environment.

Listen in on my conversation with Cato Pastoll about how you can use P2P lending platforms to make investments in businesses and fund your SmallBiz expansion or refinancing: https://youtu.be/Q0IAOtLBAPg

Learn how you can make local small business investments with my online course at www.LocalInvestingCourse.com .

My comprehensive program has been used by people all around the world.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee. 

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Introduction to Peer-to-Peer lending websites: Podcast Interview

One of the ways that direct lending has evolved is P2P or 'Peer-to-Peer' lending.  In the US and the UK there are website communities such as prosper.com which allow people to directly lend to each other by taking a small position or piece of an overall loan.

These sites, and copycats, have been barred from operating in Canada by banking and securities regulators.

Click 'play' below to hear an interesting interview from the FTM Weekly Podcast in which Tommy Cloud, Certified Financial Planner, explains P2P lending to Jerry Robinson and how he actually helps his clients obtain superior yields using the Prosper.com community.

Very interesting interview. Click here for podcast website.