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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 »

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Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.