Terms of Service

Last updated: June 2026

1. Acceptance of Terms

By accessing or using LoanLoop ("the Service"), you agree to be bound by these Terms of Service. If you do not agree, please do not use the Service.

2. Description of Service

LoanLoop is a software platform that provides tools for private lenders and borrowers to track loan payments, generate amortization schedules, and automate payment collection. LoanLoop is not a bank, lender, loan servicer, or financial institution. We do not originate, fund, or service loans.

3. Not Financial Advice

Nothing on LoanLoop constitutes financial, legal, or tax advice. All financial decisions are made solely by you. We strongly recommend consulting a licensed financial advisor, attorney, or tax professional before entering into any loan agreement.

4. User Accounts

  • You are responsible for maintaining the confidentiality of your account credentials.
  • You agree to provide accurate information when creating your account.
  • You must be at least 18 years old to use this Service.

5. Lender Responsibilities

  • Lenders are solely responsible for the terms of any loan they create, including interest rates, payment schedules, and late fees.
  • Lenders are solely responsible for ensuring their interest rates comply with applicable state usury laws.
  • Lenders are responsible for ensuring all lending activities comply with applicable federal, state, and local laws including the Dodd-Frank Act where applicable.
  • Lenders configuring prepayment penalties acknowledge that such penalties may be restricted or prohibited under applicable state or federal law, and accept full responsibility for the legality and enforceability of such terms.

6. Borrower Responsibilities

  • Borrowers are solely responsible for fulfilling their payment obligations as agreed with their lender.
  • By setting up autopay, borrowers explicitly authorize LoanLoop and Stripe to initiate recurring ACH debits from their bank account according to the agreed payment schedule.
  • LoanLoop is not responsible for any disputes between lenders and borrowers.

7. Dispute Resolution

LoanLoop is not responsible for mediating, arbitrating, or resolving any disputes between lenders and borrowers. All disputes are to be handled directly between the parties involved. For disputes with LoanLoop, you agree to first contact us at hello@loanloop.app to resolve the matter informally before pursuing legal action.

8. Payment Processing

Payments are processed by Stripe. By using LoanLoop, you also agree to Stripe's Terms of Service. LoanLoop does not store or have access to your banking credentials or payment card information.

9. Tax Forms

LoanLoop does not issue IRS tax forms including 1099-INT or any other official tax documents. Year-end income summaries are provided for informational and organizational purposes only and are not a substitute for official tax forms. Users are solely responsible for reporting all income to the appropriate tax authorities.

10. Limitation of Liability

LoanLoop shall not be liable for any indirect, incidental, special, or consequential damages arising from your use of the Service. Our total liability shall not exceed the amount you paid us in the three months preceding the claim.

11. Geographic Scope

LoanLoop is intended for use solely by individuals and businesses located in the United States. LoanLoop is designed around United States lending practices and does not account for the laws, regulations, tax rules, or data protection requirements of other countries. By using LoanLoop, you represent that you are located in and operating within the United States. LoanLoop is not intended for use outside the United States, and we make no representation that the service is appropriate or available for use in other locations.

12. Termination

We reserve the right to suspend or terminate your account at any time for violation of these terms.

13. Changes to Terms

We may update these terms at any time. Continued use of the Service after changes constitutes acceptance of the new terms.

14. Governing Law

These terms are governed by the laws of the State of Nevada, without regard to conflict of law principles.

15. Contact

For questions about these terms, contact us at hello@loanloop.app