Overview
At this time, Loop supports businesses that are officially registered in Canada. This means your company must have a valid Canadian business registration number and be legally incorporated or formed in a Canadian province or territory.
We’re excited to grow globally, and our team is actively planning to expand Loop’s availability to the U.S. and additional countries in the future.
Eligibility Details
To open a Loop Account, your business must:
Be registered in Canada (federally or provincially).
Have a valid Canadian business number (BN) issued by the Canada Revenue Agency (CRA).
Meet Loop’s standard industry and compliance requirements.
If your business is not registered in Canada, we won’t be able to open a Loop Account at this time.
If You’re Interested in Registering a Canadian Business
If you don’t yet have a Canadian business registration but want to apply in the future, the Government of Canada provides a step-by-step guide on how to register a new business.
You can find more details on business registration, required documents, and fees by visiting the Government of Canada’s Business Registration section.
FAQs
Can I open a Loop Account if my business is based in the U.S. or another country?
Not yet. Loop Accounts are currently available only for Canadian-registered businesses.
Can I apply if my business is incorporated abroad but has Canadian clients?
No. Your business must be legally registered in Canada to be eligible.
When will Loop be available outside Canada?
We’re actively working on expanding to the U.S. and additional countries — stay tuned for updates!
Do I need to be a Canadian citizen to open an account?
No, but your business must be registered in Canada.