We are delighted to present a new statistics section now available here with fascinating data on our financial community, investment performance and loan details.

Personally, I am excited to see data that confirms the high performance and responsible behavior of our community, in sharp contrast with the traditional banking sector:

• Our borrowers are very creditworthy, with a 724 average FICO® score
• Our investor community enjoys a solid 9.66% average net annualized return after fees and defaults
• 88.5% of our investors earn returns of 6% or more
• The best performing credit grades are E and D loans, with 10.88% and 9.93% net annualized returns respectively
• Lending Club has kept defaults to a low 3.16% annualized default rate since inception

Another number that I get particularly excited about is that Lending Club has paid more than $4.1mm in interest to our investors to date!  Notes are offered by prospectus.

Want to hear more stats?  Please join Patrick Gannon, Senior Vice President of Investor Services, and Sam Kasle, Director of Investor Marketing, for the unveiling of Lending Club's new Statistics section Thursday at 4:00pm PDT (7:00 PM PDT).

The webcast will cover topics such as returns by loan grade, returns by amount invested, and defaults by loan type.  After the presentation there will be ample time for an in depth Q&A.

Unveiling the New Statistics Section >>>
Register now for this webcast on
Thursday, October 22th, 2009
4:00 pm PDT (7:00 pm EDT)

Space is limited to 150 attendees, so reserve your spot now.

Enjoy!

Rob
@RobGarciaSJ

Yesterday morning our CEO, Renaud Laplanche, appeared on Fox Business News and discussed how Lending Club is leading the charge in a rapidly growing peer-to-peer lending space.

Check out Renaud on Fox Business News >>

We all know peer-to-peer lending is a fast growing alternative for those looking for a personal loan. Lending Club offers an easy, confidential and secure way of getting a loan without involving your bank.

On the investors side, Lending Club notes average 9.66% net annualized returns. Lending Club notes are offered by prospectus filed with the SEC.

My favorite part of the interview was when Renaud points out that Lending Club is not an option for those with weak credit histories, but instead, Lending Club is an alternative for creditworthy borrowers. That is, smart borrowers looking to get rates that are often lower than those offered by banks or credit card companies.

Enjoy the interview!

Rob

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Yesterday John Donovan, Lending Club's COO, and Jack Cohen, Lending
Club's SVP Legal and Collections, shared insights on our credit and
collections processes and policies.

For those of you new to Lending Club this webinar has great
information on who our borrowers are. For LC veterans, the
presentation does a deep dive into our industry leading collections
process. This is a must see webinar for anyone interested in
investing in creditworthy borrowers.

After the 25 minute presentation there is a hard hitting Q&A.

View this must-see event here.

Many happy returns,
Sam

Please join John Donovan, Lending Club's Chief Operating Officer, and Jack Cohen, Lending Club's Senior Vice President of Legal and Collections for a free, online event.

(please note space is limited)

Free, Online Discussion
Thursday, October 8th, 2009
7:00 pm EST (4:00 pm PST)

During this 30 minute event, Jack and John will share insights on Lending Club's borrower application and loan listing process as well as how Lending Club handles late and defaulted loans. At the end of the presentation we will open up the floor to take your questions. Lending Club notes are offered by prospectus filed with the SEC.

See you there,

Sam