Grants and Contributions:
Title:
Scaling Lending Through Underwriting Automation and Transactional Ledgers
Agreement Number:
929665
Agreement Value:
$486,900.00
Agreement Date:
Apr 1, 2019 - Feb 28, 2020
Description:
Automation between various Credit, Underwriting and Loan Management Systems, allowing Lending Loop to provide Small Businesses with relatively lower amounts of capital at an affordable rate with less time for application approval and an attractive risk-adjusted return to lenders.
Organization:
National Research Council Canada
Expected Results:
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Location:
Toronto, Ontario, CA M5V 1S8
Reference Number:
172-2019-2020-Q1-929665
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
817129778
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 28 days. The total amended value is 20,000 dollars.
Amendment Date
Dec 4, 2019
Recipient's Legal Name:
Loop Financial Inc
Federal Riding Name:
Spadina--Fort York
Federal Riding Number:
35101
Program:
Industrial Research Assistance Program – Contributions to Firms
Program Purpose:
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Coverage:
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
5269
Amendments: