LBO loans is a peer-to-peer marketplace. We connect people seeking a loan with people able to lend through our online marketplace.
We’re currently registering as an Exempt Market Dealer in all provinces and territories in Canada. We're also registering in the USA.
Our proprietary risk assessment system reviews the overall health of someone's ability to pay back a loan and calculates an interest rate. Interest rates will generally range from 3.9% to 29.5%, but investors have the ability to charge a different rate then suggested.
Loans are based on market forces and there are no guarantees. No one wants to give money to someone who will not pay the loan money back.
All loans are based on the vehicle or motorsport book value. The maximum you can borrow is based on your ability to pay back the loan.
LBO loans is built for the specific needs of every borrower and committed to offering the lowest cost financing possible. Standard fees are $395 for loan processing and lien registration with no hidden fees and no cost to apply.
Standard fee is an annualized 1.75% servicing rate (1.75% / 12 months) calculated monthly on the outstanding balance of principal at the time of each monthly payment. The service fee is only charged when a monthly repayment is received.
Statements are emailed monthly to all investors.
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