Interview with Cato Pastoll and Brandon Vlaar , Co-Founders of Lending Loop, April 2017
How Lending Loop Works
- Businesses complete a simple online loan application to provide details on their creditworthiness (it only takes 5 minutes).
- Lending Loop’s credit team evaluates the loan request to determine if it is eligible to be listed on the marketplace.
- Lenders view listings on the marketplace and commit funds to businesses they want to lend to.
- If enough lenders commit funds to a listing, they partner together to fund the business’ loan.