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We are determined to host the easiest twitter contest ever.
Yesterday, Lending Club announced it will welcome its 25,000th investor in September. To celebrate this momentous milestone, Lending Club is running a promotion throughout the whole month: Be our 25,000th Investor and Win $2,500.

$2,500 is not bad… not bad at all!

To help spread the news about this totally phat promotion, I’m calling out all tweeters out there.

Here is the only rule:

Tweet/ReTweet about our promotion any day between now and 09/15. Just make sure to mention @LendingClub and include a link to our site or promotion info.

Example: “Become @LendingClub’s 25,000th investor and win $2,500 by September 30 http://bit.ly/36sz8 RT to win t-shirt”

So what do you get from doing this?

We’ll pick a winner randomly everyday to receive a Lending Club fashion item: t-shirt, messenger bag, or cap plus a couple of our famous orange pens. You don’t need to be a Lending Club customer; just tweet about our promotion and you’ll have a chance to score our fashion. It’s that easy!

Tweet away!
@RobGarciaSJ

Notes are offered by prospectus registered with the SEC.

We are pleased to announce that our securities filing has been cleared by the state of Missouri, giving Missourians the opportunity to invest in Lending Club notes starting today.

While researching fun facts about Missouri, I was startled to see several related to the food industry. And since I’m a foodie myself, I could not resist the temptation to include them here:

To start, you must know that the now ubiquitous ice cream cone was invented at the St. Louis World’s Fair in 1904 when an ice cream vendor ran out of cups and asked a waffle vendor to help by rolling up waffles to hold ice cream.

You must also know that barbeque cuisine started right here, in Kansas City, when Henry Perry, the “Father of Kansas City BBQ” started selling smoked meats in an alley stand in the Garment District of the city in 1908.

And finally, you may find interesting the fact that St. Louis is the home of the largest beer producing plant in the nation: Anheuser-Busch.

Now, I’m officially hungry (and thirsty).

Anyhow! We welcome Missourians to Lending Club, now available in 27 states: California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, 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.

Notes are offered by prospectus filed with the SEC.

We’re thrilled to share the news that, as of this morning, Lending Club has officially issued more than $50 million in personal loans to creditworthy individuals.

As always, our focus is on offering better rates, rewarding responsible and creditworthy borrowers. This has translated in better returns for investors because Lending Club eliminates the high cost and complexity of traditional banks: 9.64% net annualized returns since inception. Notes offered by prospectus.

Reaching this milestone could not have happened without our fantastic investor and borrower community. We thought we’d take this opportunity to share a few other interesting numbers with you. As of this morning, Lending Club has:

• 22,226 investor members,
• processed 46,800 payments from borrowers,
• distributed 2,627,146 payments to investors, and
• paid $3,470,391 in interest to investors.

Oh! And by the way, we will be welcoming our 25,000th investor sometime during the month of September. We are working on a promotion to celebrate this momentous milestone. Stay tuned!

Rob

On Friday we launched a new feature that gives you a measure of your performance to date and how it stacks against the entire Lending Club investor community. The Net Annualized Return measure is calculated daily as a weighted average return on invested capital and is based on actual payments received to date in your Lending Club portfolio.

This new feature leverages our transparency and gives you an up-to-date snapshot of all investors in our financial community.

This feature helps establish some interesting facts on our investor community performance as of June 7, 2009:

• The average net annualized return of all investors is 9.90% since June 2007.
• Investors in the $50,000-$60,000 range are currently achieving the highest net annualized return at 11.96%.
• Over 88% of all investors are earning a net annualized return of 6% or more.
• Over 74% of all investors are earning a net annualized return of 9% or more.

Just as a reminder the Notes are offered by prospectus, which can be downloaded here.

As always, feel free to drop us a note with your comments on these new features and share with us any additional feature ideas.

Rob

Today, we’re honored and excited to again be recognized by the Webby Awards and accept

• an Official Honoree designation in the Banking/Bill Paying category
• a nomination in the Financial Services category. This year's polls just opened up and are only open until the end of the month (April 30th), so please cast your vote. We need your support! Please help us add another one to last year's win (pictured below).