Lending Club Blog

Is Lending Club Available in My State?

This is one of the most frequently asked questions from those thinking of borrowing or investing via Lending Club.

Yes, it can be confusing.  Every state has its own laws about investments and securities as well as lending rules and regulations.  Here is an up-to-date view of states in which residents can obtain personal loans, invest or trade, via Lending Club as of today:


To invest in Lending Club Prime Consumer Notes, you must reside in one of the following 28 states and meet that state’s financial suitability conditions: California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Kentucky, Louisiana, Maine, Minnesota, Missouri, Mississippi, Montana, New Hampshire, Nevada, New York, Rhode Island, South Carolina, South Dakota, Utah, Virginia, Washington, Wisconsin, West Virginia, and Wyoming.

If your state is not listed above, you may be able to trade notes via FOLIOfn‘s Note trading platform.  At this moment, applicants from District of Columbia, Kansas, Maryland, Ohio, Oregon, and Vermont are not eligible to become trading members with FOLIOfn.

Notes offered by prospectus filed with the SEC.


borrowers-map-0327 (1)

To borrow through Lending Club you must be a US citizen or permanent resident, or be in the United States on valid long term visa; and be at least 18 years old with a verifiable bank account.  At this time, we are unable to accept loan applications from residents of six states: Iowa, Idaho, Maine, North Dakota, and Nebraska.

For more details on borrower requirements, visit our help section on borrowing.  All personal loans made through Lending Club are issued by WebBank, a Utah-chartered Industrial Bank.




Friday, June 10th, 2011 at 7:31 am

Comments (2)

  1. [...] order to combat this confusion, Lending Club issued a
    statement on its blog titled, “Is Lending Club Available in My
    State?” Lending Club’s Rob Garcia wrote that whether or not
    residents of particular state can [...]

    June 10th, 2011 at 9:28 am

  2. Easyme:

    This answers my question… but does not make me happy… when will
    you be available in EVERY state. Lending Club is really a great
    concept, and i will surely recommend it to other people. Thanks and
    keep up the good work.

    June 11th, 2011 at 3:35 am


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