Eligibility
Check if your business qualifies for Loop
4 articles
- Who can apply for a Loop Account?Loop Accounts are open to registered Canadian businesses — Corporations, Sole Proprietorships, Partnerships, and Registered Charities. Any authorized signatory can apply.
- Which industries are restricted from using Loop?Loop can't offer Accounts, Cards, or some payment services to certain industries. See which business types are restricted, high-risk, or not permitted.
- Can Loop open Accounts for non-profit organizations?Loop can open Accounts for non-profit organizations that are registered charities with the CRA. Non-registered non-profits aren't eligible.
- What business types can use Loop?Loop Accounts are currently available only to registered Canadian businesses. We’re working toward expanding to other regions soon.