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:

investors-map-0827

 

 

 

 

 

 

 

 

 

 

 

 

To invest in Notes through the Lending Club platform, you must reside in one of the following 26 states and meet that state’s financial suitability conditions: California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Kentucky (Accredited Investors only), Louisiana, Maine, 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.

borrowers-map-0327-11-1

 

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

  • Archives z

Recent Posts

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Finding the right company culture for you

How important is company culture to you? At Lending… Read More »
September 30, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

5 Things Everyone Should Do Before a First Interview

After spending hours drafting your… Read More »
June 24, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014