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http://lendingclub.com/

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Lending Club is a p2p lending site that matches lenders with borrowers. Originally, the site used the Facebook application platform to connect lenders with borrowers, due in part to Facebook\'s viral...More»

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Lending Club is a p2p lending site that matches lenders with borrowers. Originally, the site used the Facebook application platform to connect lenders with borrowers, due in part to Facebook\'s viral nature and the fact that friends trust lending to other friends. Now, Lending Club is open to anyone. The loans are aimed at atypical borrowers, people borrowing for one-time events, like weddings and vacations, and credit card debt consolidation.

Lending Club loans have fixed interest rates with average loan durations of three years. Borrowers have to go through a rigorous credit check and grading process before they can start receiving loan requests. Lending Club claims to have high credit standards and they turn away a lot of too-risky borrowers.«Less

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Location:\tSunnyvale, CA, United States\n
Latest Funding:Series A - $10.26M (08/2007)
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News:\n\t\t\t\t\t2 new articles since 10/21/2009\n\t\t\t\t
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\n\t Lending Club Company Profile\n\t

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