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Lending Club Passes $200 Million in Personal Loan Originations

REDWOOD CITY, Calif. Jan. 19, 2011 personal loans $200 million

$100 million March 2010 $13 million $16 million $5 million

Renaud Laplanche


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.

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

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