About Us  > Blog

Now open to Connecticut, Idaho, New Hampshire and Oregon Lenders

by Prosper on 08/6/09

Prosper reopened to Lenders on Monday, July 13 and we are pleased to inform our Lenders in Connecticut, Idaho, New Hampshire and Oregon 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 Connecticut, Idaho, New Hampshire and Oregon.

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 We do not publish comments that are spam, are offensive or appear to pass you off as another person.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)
(required) Email will not be published.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

2 Responses


Fred Maag IV | August 10th, 2009 at 1:28 pm

Please let me know when the state of Rhode Island
has cleared .

Thank You
Fred Maag IV

Trackbacks


posted in Featured,Lenders,Prosper News 2 comments »

Connect with us

Search

Lenders

Prosper Reports Record First Quarter

By Prosper on 05/21/15   [ 0 ]

Prosper Marketplace just closed out our first quarter and we’re very pleased to report that it was our strongest yet. In the first quarter of 2015, Prosper facilitated a record $595 million in loans through the platform, up 200% from the first quarter a year ago. We attribute this to the increasing awareness of Prosper [...]

Read More

Improving the Investor Experience at Prosper

By Prosper on 04/3/15   [ 1 ]

By Eric Thaller, VP, Investor Services One of Prosper’s key priorities for 2015 is improving the experience for our retail investors. This group of investors has always been an important part of Prosper’s DNA, and we are committed to making changes this year that improve the products they use. This includes increasing the number of fractional [...]

Read More

Prosper Platform Surpasses $3 Billion in Loans, Closing Out Record First Quarter

By Prosper on 03/31/15   [ 3 ]

By: Aaron Vermut Today we are very excited to announce we have officially surpassed $3 billion in personal loans issued through the Prosper platform since inception. In April 2014, we announced that we crossed the $1 billion mark. It took us eight years to reach that milestone and it was huge achievement for our company. [...]

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.