Welcome to Local Loop Lancaster & Morecambe
A business network that does one thing well. Members submit headline info on the invoices they need to pay. The system then finds 'loops' in the network, where amounts owing can be cancelled out, so no cash is used. Reduces debt, reduces risk, improves cashflow, lowers finance needs.
Simple to use, clear benefits
Loops in trade happen when outstanding invoices can be connected up in a circuit. This means a ‘set-off’ can be made, where the lowest amount is simply accepted by all businesses in the loop as having been paid.
Each business now has lower debt, and no cash was used. Profit, balance sheet, everything else stays the same. There’s no trick - banks and big companies do this all the time to conserve cash. Local Loop makes it work for the rest of us.
Watch the VideoAll About Local Loop Lancaster & Morecambe
Clearing and Set-off
According to the Bank for International Settlement’s Committee on Payment and Settlement Systems Glossary,...
MTCS
MTCS is based on a clearing algorithm - developed over thirty years ago in Slovenia - that still helps thousands of...
The App
The trial version of our app was launched at the Lancaster Chamber of Commerce Expo on 30th September 2022, where the...
The Lancaster Club
Local Loop Lancaster & Morecambe is working to establish a ‘clearing club’ of local MTCS business users....
Community Wealth Building
Since collaborative finance platforms such as Local Loop Lancaster & Morecambe depend upon trust between peers, they...
Roadmap
Bringing multilateral obligation set-off to Lancaster and Morecambe is just the start. The Local Loop Lancaster &...
