Prosper is now open to Hawaii & Washington Lenders

About Us > Blog

Prosper is now open to Hawaii & Washington Lenders

by Prosper on 07/17/09

Prosper reopened to Lenders on Monday, July 13 and we are pleased to inform our Lenders in Hawaii and Washington that we have received state clearances and are now effective for business. We already have hundreds of lenders and borrowers participating in the first auction based peer-to-peer loans platform and welcome our members in Hawaii and Washington.

Prosper is currently available to lenders in the following states: California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Louisiana, Maine, Minnesota, Missouri, Montana, Nevada, New Hampshire, New York, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Virginia, Washington, Wisconsin and Wyoming.

Prosper is in the process of working with every state to allow lending; however each state has their own process and ultimately Prosper does not control the timeline involved to get approval. Rest assured that this is a priority for us and we will let you know as lending opens up in new states.Prosper delivers competitive rates of return ranging from 7.18% for AA listings to 4.59% for E Prosper Rating listings, based on return on investment for all loans as of 6/30/2009. These are healthy returns that confirm peer-to-peer lending is a viable alternative asset class in which to invest.

To read more about the changes we have made to ensure we deliver the world’s most transparent and durable personal loans trading platform read here.

Be sure to follow us on Twitter, become a fan on Facebook, and check back here on the Prosper Blog to learn as we add more states.

Welcome back and happy investing!

Notes offered by Prospectus

The current states eligible for participation by Prosper lenders can be found at: http://www.prosper.com/help/investing.aspx#states

larrylou

Go figure with all the debt out there espically in Michigan we can’t buy any.

Troy, MI
dan

thats great when is maryland going to lend again?
spokanemom

I am glad lending is approved in Washington again. But the new rating system is really going to hurt my chances of getting approved. My credit is the same as before the quiet period but now it is a HR instead of a C-. That is a huge difference. It is worse considering I had a loan fully bid before the quiet period but it was cancelled because it did not fund in time. I hope this works out for the best.
http://twitter.com/chrisco chrisco

When is Maryland coming back online? Thanks.
John Siler

Can you provide any information on the status of adding Kansas to the list of states that allow peer-to-peer lending?
Gene

Any idea when New Jersey will make it to the lender’s list?
Ali

MARYLAND!!!!!!!!!
wilco

Any idea update on when other states might approve lending from more states?
http://blog.prosper.com Prosper Blog

Thanks for your continued support everyone! We are constantly working to make Prosper available to more and more people across the US. We will be sure to alert everyone As updates become available.

posted in Featured,Lenders,Prosper News 9 comments »

Connect with us

Facebook Subscribe Twitter

Search

Loan Types

Lenders

Prosper Third Party Vendor Experiencing Technical Issues, Slowing Pace on June Originations

By Prosper on 06/13/13 [ 3 ]

We have seen record volume here at Prosper over the past few months and are excited to continue that growth. This week, we are experiencing a limitation with our customer relationship management system. Over the weekend a technical issue developed which is affecting the mechanics of our verification process. We are working closely with our [...]

Prosper Kicks off Summer with New Records, New Office Space and More

By Prosper on 06/3/13 [ 7 ]

The momentum continues at Prosper with our second consecutive record-setting month. With over $25M in loans, May sets a new record for the best month ever in loan originations, bringing the total to more than $525M to cross the platform since inception. 2,436 loans were originated through prosper (the largest loan volume in the platform’s [...]

Prosper Reports Record Month in April

By Prosper on 04/30/13 [ 16 ]

Prosper has just finished its best month ever for loan originations – we have reached $20.2M in loans for April, and $500M since inception. April’s performance was achieved with the largest volume and the highest average loan amount in history with 1,969 loans and $10,277 respectively. This amount is a 34% growth over March, 2013 [...]

« Older Entries