Lending Club Blog

Lending Club Passes the $50 Million Mark of Issued Loans

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!


Tuesday, August 25th, 2009 at 6:25 pm

Comments (5)

  1. […] time yesterday, Lending Club passed the $50 million loan
    mark, showing yet again that they are a force to be reckoned with
    in the global P2P lending space. As of […]

    August 26th, 2009 at 8:53 am

  2. Congratulations for this excellent milestone! Rob, you are doing a
    great job with LC, see you the next milestone: 25th thousand
    investor :-)

    August 26th, 2009 at 1:02 pm

  3. Limes:

    Keep up the good work, guys! We are big fans of Lending Club. So
    far, our investment is doing better than many other options out
    there. We’re loving it!

    August 28th, 2009 at 1:11 am

  4. That’s a gr8 milestone they have achieved. I congratulate them and
    the whole team behind this.

    August 31st, 2009 at 5:09 am

  5. O! That’s great news! I’m looking your way since about the starting
    and that was one of your aim if I remember right! Grats!

    August 31st, 2009 at 11:23 am

  • Archives z

Recent Posts

We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

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