$100 million March 2010 $13 million $16 million $5 million
Since inception in 2007, Lending Club Notes have delivered a Net Annualized Return of 9.68 percent(v). Lending Club investors can fund fractions of hundreds of individual loans to build a portfolio of notes. As borrowers pay back loans each month, investors collect principal and interest net of Lending Club’s service fee that can be reinvested in new notes.
"Lending Club represents a step forward in connecting the source of capital to the use of capital, and it’s clear that the concept has resonated," said Laplanche. "The financial turmoil of the past few years has driven Americans to seek new alternatives for their borrowing and investing needs, and our simple, transparent process has proven to be a winning formula for everyone involved."
About Lending Club
Redwood City, CA. http://www.lendingclub.com
January 18, 2011
January 12, 2011 January 7, 2011
Utah Salt Lake City, Utah All loans are subject to credit approval
January 18, 2011 KY
SOURCE Lending Club