Eligibility
Check if your business qualifies for Loop
4 articles
Who can apply for a Loop AccountLoop Accounts are available to registered Canadian businesses. Any authorized signatory of the business can apply. We currently support Corporations, Partnerships, and Registered Charities, with plans to expand internationally in…
Which industries are restricted from using Loop?Loop can’t offer Accounts or Cards to certain business types or industries. This helps us meet regulatory and compliance requirements. Check below to see if your business is eligible before…
Can Loop open Accounts for non-profit organizations?Loop can open Accounts for non-profit organizations that are registered charities under Canadian law. If your organization isn’t officially registered as a charity with the Canada Revenue Agency (CRA), we’re…
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.