Success Story

Pazzo Pazzo

Setting the table for success.

Turning up the heat on his previous lender.

Like many restaurants, James took out a merchant advance. As he eventually learned, the rate this lender advertised was not the one he thought he was paying.

"My previous lender wouldn't tell me the true interest rate I was paying. The rate they advertised was actually a daily rate -- my annual percentage rate was much, much higher. Once I figured this rate out for myself, they wouldn't call me back to discuss it or negotiate it despite months of consistent repayments."

James Burns
,
Owner
Why Lending Loop Was Better.

Lending Loop believes in transparency. Business owners have enough to worry about -- their lender shouldn’t add to the stress.

"Lending Loop was very clear. The origination fee was fair. It was a monthly repayment, which worked in favour of the business because it meant I wasn't automatically losing a chunk of my daily sales like I would be if I were using a merchant cash advance. Working with Lending Loop was easy. Everything was online and I was able to sync my financials very quickly."

James Burns
,
Owner
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