Lending Club Blog

Posted by :: November 9, 2008 @ 10:52 am

We are happy to report 2 more state clearances came through last week, with South Carolina and Idaho joining the ranks of "Orange" states (i.e., states where Lending Club’s offering has been cleared).

What a perfect opportunity to mention that Idaho is home of the deepest river gorge in North America (Hells Canyon - 7,900 ft deep) and South Carolina saw the first engagement of the American Civil War at Fort Sumter in 1861. Learn more about Idaho and South Carolina at inidaho.com/Fun_Facts_List.asp and thingstodo.com/states/SC/facts.htm.

This brings the total tally to 23 states, namely Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Hawaii, Louisiana, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New York, Rhode Island, South Carolina, South Dakota, Utah, West Virginia, Washington, Wisconsin and Wyoming.

See below our updated states map:

state approvals as of 2008-11-09

More to come…

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7 Comments

  1. JB:

    Thanks for update. Any general estimate regarding California? Is
    this the best place to check for an announcement when California
    cleared?

  2. Scott Reynolds:

    @ JB, We are actively working on CA clearance. We'll post updates
    here, and also send notifications via email to all who provide /
    have provided their email address upon inquiry.

  3. Dan:

    Please work on adding Maryland too! According to your phone rep,
    Maryland lenders are not even eligible for the secondary market,
    whereas lenders in some of the other states not yet eligible for
    LendingClub can at least participate on the trading platform.

  4. Jane:

    Progressing slowly but surely. Can you give an idea about
    Massachusetts. I notice on the map accompanying this article that
    it is in neither the "cleared" nor "in progress" category.

  5. Scott Reynolds:

    @ Jane, Thanks for the catch! MA is also in progress. I've
    corrected the graphic.

  6. cmfk:

    Any estimate for Oregon? Will you send an email out to Oregon
    members when clearance is approved?

  7. Scott Reynolds:

    Yes, for every newly approved state we'll email those members in
    addition to posting it here.

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