Thousands of Canadians access their credit report, some people, however, see a zero credit score.
Worldfirst provides international money transfer services for Canadian businesses, with no upfront fees but using exchange rate markups. They offer three main services: private transfers, corporate payments, and an online seller platform that handles 8 currencies. While they use the SWIFT network which can incur additional bank charges, their main competitor Loop offers mid-market exchange rates with transparent fees. The article compares these services to help businesses choose the most cost-effective option for their international payments.
Making international transactions often comes with the hassle of currency conversion and hefty fees. Loop is here to simplify this process.
We launched some shiny new features in 2023 and are excited to launch even more in 2024.
Maintaining a good credit score should be a part of your current and future financial plans.
In mid-November, Toronto Fashion Week is in full swing, enabling the city to catch a glimpse of the sheer talent and creativity of Toronto based designers.
We have created this guide to help you understand, improve and take advantage of your good credit score.
Présentation de notre nouveau look et de nos services financiers encore plus puissants pour les entreprises en croissance.
As a Loop cardholder, you are now able to open a free US Dollar Account. Unlike accounts with Canadian banks, the Loop US Dollar Account is US-based which means that you will get a local US ABA Routing Number and your own unique account number.
Learn about the basic concepts of inventory management for ecommerce stores.
Connect your bank account to streamline your payments at Loop.
Configurable Approval Workflows For Your Business Payments
Most Canadians who apply for a small business loan get rejected for various different reasons.
Pairing your Loop US bank account with Shopify Payouts is a perfect way to streamline your US ecommerce operations and save thousands in banking fees.
Loop cards support both Canadian and American addresses at the same time.
Discover how Canadian businesses can send USD electronic transfers with Loop. Get full US banking capabilities including full banking details - all with no monthly fees and unlimited transactions. Say goodbye to USD transfer limitations with Loop.
A corporate card for your ecommerce business.
It's easier than ever to send payments! Request payment details with just an email address.
There are a variety of solutions available to help Canadian businesses succeed in the USA. In this post, we'll explore some of the most effective options and provide tips on how to choose the best solution for your business.
Say goodbye to your clunky, old and expensive expense management systems. Use Loop to automatically track your expenses and save some previous hours for both yourself and your team.
Upgrade to lock in the best rates, with just a small monthly fee.
Loop, the global financial platform used by thousands of Canadian businesses to manage their international finances, is thrilled to announce the launch of the Loop Global Visa Card - Canada’s first card tailored specifically for small and medium-sized enterprises (SMEs) that need to manage cross-border purchasing.
Loop takes Amazon.com sellers to the next level, and it's easy to get started.
Loop and CWIF share a common mission to support the growth of women entrepreneurs with access to best-in-class tools, resources and capital.
For accountants, Loop helps you manage your clients' financial data, offering a comprehensive and streamlined platform to reduce manual entry, save time, and integrate with the systems you are already using today.
Global banking for Canadian ecommerce businesses has arrived!
Les délais de livraison sont un facteur crucial pour définir votre stratégie de gestion des stocks pour votre entreprise e-commerce. Découvrez les principes de base à garder à l'esprit.
We’re excited to announce the launch of Loop Offers - a unique and tailored group of exclusive offers which are provided to all Loop members.
A quick guide on how to test new products before making major investments on infrastructure, inventory and your team's resources.
Say goodbye to tedious manual exports with Loop's smart and automated connection to QuickBooks Online. With Loop's one click sync, your business will benefit from: ⏱ Saved time with no more manual entries | 🧾 Seamless receipt management | 🔎 Smarter transaction categorization
Being declined for credit? You are legally entitled to dispute any inaccuracies on your business credit report.
Tout comme votre crédit personnel, votre petite entreprise possède son propre score de crédit distinct.
One of the most important aspects of running a business is establishing a reputation with strong credit.
Canadian businesses lose thousands annually to hidden FX fees from banks and card networks. Loop eliminates these fees by allowing businesses to hold and spend in multiple currencies, improving cash flow and reducing international transaction costs.
International wire transfers move money across borders through a network of banks, often involving intermediary institutions that add fees and delays. Businesses can optimize costs and speed by using local payment networks, verifying recipient details, and leveraging modern fintech solutions like Loop for transparent pricing and faster transactions.
Discover how setting up an optimized USD payout solution eliminates currency conversion fees, gives you control over exchange rates, and helps Canadian businesses save money compared to Stripe’s default payouts.
Dandylion Pets saved $40k USD in a year after using Loop
So you have been told that your credit will be checked?
Get corporate cards powered by credit with no annual fees, FX fees or hidden fees. Grow your business with credit that scales as you grow.
Sell In Europe? Get Paid in Euros (€) or British Pounds (£) with Loop!
Announcing our latest funding round to help Loop continue our mission to to make it easier and more affordable for businesses to grow internationally.
Get access to business credit with flexible repayment options.
While there are many different credit scoring models, there are 5 factors that affect your credit score all the same.
Secure your Loop Account with an App-Based Multi-factor Authentication
We’ve Launched An Updated Experience to Make Multi-currency Banking Effortless
Founders from the e-commerce community joined our founder on a panel to share their experiences, insights and advice on selling into retail.
With Loop's new rewards feature, you can now easily redeem your Loop Points for gift card rewards.
As your sales grow, your credit limit with Loop also increases. Connect your Shopify, Amazon, Paypal and Stripe channels directly to Loop. No personal credit check or guarantee required.
Clickship, la solution d'expédition innovante et facile à utiliser pour les magasins de commerce électronique, s'est associée à Loop, la plateforme bancaire pour les entreprises canadiennes, pour aider leurs entreprises à économiser de l'argent et à accélérer leur croissance.
Let’s take a look at some of the most common errors on business credit reports.
Bushbalm joined Loop in September 2022, when they ramped up their sales in the US market.
Ciele chose Loop because they needed a banking solution that could keep up with their business. They had a growing amount of spending in the US and their old bank credit cards charged them high FX fees whenever they spent in USD. Loop changed that.
Expanding into the U.S. exposes Canadian businesses to complex financial risks—from tax and banking differences to currency volatility and cash flow issues. Missteps around legal structure, compliance, and financing can quickly erode profits. Success depends on understanding U.S. systems early and building a cross-border financial strategy from day one.
With Loop, stay within your budget by setting specific spending controls on your cards with auto-freeze rules.
Thinking about incorporating? Let's take a look at what business incorporation actually is, what the pros and cons are, and what the steps to incorporating your business look like.
The three main cash flow mistakes that growing eCommerce brands make and how to prevent them.
Jody and the Sunday team partnered with Loop to access free US business banking, eliminating cross-border banking fees.
PlanURstay eliminated costly FX fees and simplified their cross-border payments by switching to Loop, boosting profitability and streamlining operations. With faster setup, built-in expense tracking, and a single platform for USD and CAD transactions, they’re now better equipped to scale their business across North America.
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