http://ir.lendingclub.com/file.aspx?IID=4213397&FID=31153343Company Release - 09/18/2015 09:00
SAN FRANCISCO, Sept. 18, 2015 /PRNewswire/ -- Lending Club (NYSE: LC), the world's largest online marketplace connecting borrowers and investors, announced today that its marketplace is now available to investors in
Indiana, Kansas, and Nebraska, bringing the total number of investor states available to retail investors to 36.
Lending Club, the world’s largest online marketplace connecting borrowers and investors.
"In a time of market volatility, and with uncertainty about future interest rate fluctuations making other fixed income investments less predictable, Lending Club's retail investors have continued to enjoy returns averaging 5 to 8% annually since inception in 2007," said Lending Club founder and CEO Renaud Laplanche. "We are excited to offer this investment opportunity to investors in more states."
Lending Club is a two-sided marketplace that brings together borrowers looking for lower rates and a great experience, and investors looking for attractive returns. Individual retail investors use the platform to access consumer credit as an asset class not previously available to them. Investors on the Lending Club platform can invest in loans in increments as low as $25, diversifying across hundreds or thousands of borrowers, to quickly and easily build a portfolio that fits their investment objectives. Each fraction of a loan is invested in through a Note. Lending Club Notes have Historical Returns by Grade A-C of 5.19% to 8.88%.* Among investors who own 100 or more Notes of similar size representing loans to different borrowers, 99.9 percent have seen positive returns.
Indiana, Kansas, and Nebraska residents can now create an account at
www.lendingclub.com, and choose either a traditional investment account or retirement account. Investors receive monthly payments of principal and interest as borrowers repay their loans, and can withdraw available cash at any time via a linked bank account.
Author