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

Leave a Comment

Prosper moderates all comments and will approve those that are directly relevant to the post. We do not publish comments that are spam, are offensive or appear to pass you off as another person.

(required) Email will not be published.

Comment Policy


To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

9 Responses

larrylou | July 17th, 2009 at 1:56 pm

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

Troy, MI

dan | July 17th, 2009 at 1:58 pm

thats great when is maryland going to lend again?

spokanemom | July 20th, 2009 at 2:59 pm

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.

chrisco | December 9th, 2009 at 3:15 am

When is Maryland coming back online? Thanks.

John Siler | April 20th, 2010 at 7:57 am

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

Gene | February 1st, 2012 at 9:44 am

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

Ali | May 9th, 2012 at 1:31 pm


wilco | July 28th, 2012 at 11:07 am

Any idea update on when other states might approve lending from more states?

Prosper Blog | July 31st, 2012 at 11:20 am

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



Prosper Increases Allocation to Fractional Pool

By Prosper on 07/30/15   [ 0 ]

Posted by Eric Thaller To improve the investing experience for Prosper’s community, Prosper recently made a change to its platform. Prosper started increasing the allocation of loans to the fractional pool over the last week, so that retail investors can invest more in the fractional pool faster and easier. Prosper’s CEO, Aaron Vermut, alluded to [...]

Read More

Prosper Introduces Debt Sale Program

By Prosper on 07/21/15   [ 0 ]

By Eric Thaller As part of our ongoing efforts to improve the investor experience on the Prosper platform, we are making changes to the way we deal with charged-off loans.  On July 17th, Prosper introduced a debt sale recovery strategy aimed at delivering an increased level of return for investors in a more timely manner. [...]

Read More

Prosper Opens for Business to Investors in Indiana

By Prosper on 07/13/15   [ 2 ]

Posted By Eric Thaller Today we announced that the Prosper platform is now available to investors in Indiana. With the addition of Indiana, Prosper is now open to investors in 32 states and the District of Columbia. We appreciate the work of the state regulators to bring this investment opportunity to its residents. As one [...]

Read More

« Older Entries

Monthly Archive

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.