Lending Club Blog

Is Lending Club Available in My State?

Is Lending Club available in my state? That is one of the most frequently asked questions from those thinking of borrowing or investing through Lending Club.

Ultimately, we want residents of all states to be able to borrow and invest through Lending Club. However, each state has individual laws about investments in securities, as well as lending rules and regulations. Consequently, it can sometimes be confusing – residents of some states may borrow but not invest, residents of some states can invest but not borrow, and many lucky folks can do both.

Here is an up-to-date view of states where residents can invest through the Lending Club platform:














To invest in Notes through the Lending Club platform, 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 (Accredited Investors only), Louisiana, Maine, Massachusetts, Minnesota, Mississippi, Montana, New Hampshire, Nevada, New York, Rhode Island, South Dakota, Utah, Vermont, Virginia, Washington, Wisconsin, West Virginia, and Wyoming.

If your state is not listed above, you may be eligible to trade Notes via the FOLIOfn Investments, Inc. Note Trading Platform.*  At this moment, residents of the District of Columbia, Kansas, Maryland, Ohio and Oregon are not eligible to trade Notes on the Note Trading Platform.

To borrow through Lending Club, you must be a US citizen, 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 facilitate loans to residents of five states: Iowa, Idaho, Maine, North Dakota, and Nebraska.



For more details on borrower requirements, visit our help section on borrowing.

All loans made by WebBank, a Utah-chartered Industrial Bank, Member FDIC.

Notes offered by prospectus filed with the SEC.

More information about Folio Investing is available at www.folioinvesting.com.


Monday, July 7th, 2014 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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