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Lending Club

Submitted by Dena on 05/14/2009
Region: 
USA World
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Innovation Blurb: 
A Peer-to-Peer Lending Network Connects Investors and Borrowers
Web Site Link: 
http://www.lendingclub.com

Lending Club utilizes the social networking capabilities that have emerged with online technology to enhance economic opportunity and enterprise.  Borrowers with good credit can get personal loans from $1,000 to $25,000 at interest rates that are often significantly better than rates from conventional sources.  For lenders, money invested goes immediately to Lending Club's approved borrower members. Most lender members spread their investment across tens or hundreds of qualified borrowers.  The Club is SEC-registered and was chosen as one of the Harvard Business Review's Top 20 Breakkthrough Ideas of 2009.

Their Description: 

Lending Club is a social lending network that brings together investors and creditworthy borrowers to offer value beyond traditional banks.

Borrowers with good credit can get personal loans from $1,000 to $25,000 at interest rates that are often significantly better than rates from conventional sources.

For lenders, money invested goes immediately to Lending Club's approved borrower members. Most lender members spread their investment across tens or hundreds of qualified borrowers. Notes (that correspond to specific borrower loans) are offered only by means of a prospectus.

Contact: 

<p>Lending Club<br />
440 North Wolfe Road<br />
Sunnyvale, CA 94085<br />
Main: (408) 524-1540<br />
Fax: (408) 524-1527</p>

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Image Notes: 

Hi Dena - 

 
Attached please find Lending Club's logo. I'm here if you need anything else.
 
Have a great weekend,
 

Mike
 

Mike Weiss  |  Antenna Group  |  Public Relations
Direct: 415.977.1926 |  mike@antennagroup.com

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Economy