Today, we’re happy to announce that our securities filing has been cleared by the great Commonwealth of Virginia, a.k.a. the “Old Dominion” and the “Mother of Presidents”. We’re excited to kick the week off with this full opening of our social lending platform to investors in the 12th largest state in the Union, with a population of 7.7M.

The map is filling in…

Onward and upward!

Four weeks after completing our federal registration with the SEC, we are ecstatic to announce that the wonderfully creative and sunny state of California has decided to promote financial innovation at the time the country and the state need it the most, and cleared our securities filing this morning. As residents of the state dubbed in its early history as “Cornucopia of the World”, Californians can now invest in loans made to Lending Club members.

Since California hosts more than 25% of our lender members, we thought we’d edit our orange map to make that clear:

More from our feed soon…

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:

More to come…

Another week, another state. We are glad to announce that our new program has been cleared by the State of Washington this week. This is a wonderful opportunity to remind ourselves that Washington state produces more apples than any other state in the union, and has more glaciers than the other 47 contiguous states combined. You can find other fascinating facts about Washington state here.

This brings the total tally to 21 states, namely Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Louisiana, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New York, Rhode Island, South Dakota, Utah, West Virginia, Washington, Wisconsin and Wyoming.
More to come…

We are happy to report that our offering was cleared by the State of New Hampshire yesterday morning. Lenders who are New Hampshire residents can now buy notes from Lending Club. We have set up a big map in our office that shows weekly progress as state approvals trickle in - here is the smaller version of it:

Other states already cleared include Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Louisiana, Minnesota, Mississippi, Montana, Nevada, New York, Rhode Island, South Dakota, Utah, West Virginia, Wisconsin and Wyoming. We are hoping to keep adding a few states each week for the next few weeks as we get clearance from state authorities, and will post regular updates and notify members directly as the list grows longer.

Keep in mind that state limitations do not apply to the Note Trading Platform operated by FOLIOfn, and all lenders can buy or sell Notes among themselves irrespective of their state of residence.

The Notes are offered by Prospectus.