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Prosper now open to Florida Lenders

by Prosper on 09/14/09

Prosper is pleased to inform our Lenders in Florida 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 Florida back to our community.

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 offers three easy ways to invest in individual Americans – in a plan, one-at-a-time, or existing Notes – the choice is yours. Portfolio Plans place bids automatically, saving you time. You can choose a ready-made plan that meets your goals and earns great returns. The estimated returns on our portfolio plans range from 6.9% to 13.2%. 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 join in the discussions about peer-to-peer lending.

Welcome back and happy investing!

Notes offered by Prospectus.

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.

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

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12 Responses

Vincent | September 14th, 2009 at 1:17 pm

HOORAY! It’s the one year anniversary of my being completely shut out of Prosper.com! Thanks Prosper for making the system more flexible and profitable for half of it’s loyal users!

Steve | September 14th, 2009 at 10:50 pm

Great to see more states are coming online. I still have funds outstanding waiting for my state to open up again.

Patrick | September 16th, 2009 at 4:45 am

Ohio’s next, right?

michael | September 16th, 2009 at 1:39 pm

Is there any info on the progress of lending availability in the state of Texas? Have been a member for a while now and very interested in becoming a lender, but TX residents are not at this time eligible.

Gainesville Realtors | September 20th, 2009 at 1:23 pm

Good job! However, I cannot list any of my loans for sale on https://www.prosper.com/invest/trade/secure/sell/

I have 45, but it says “No notes matched your search criteria”

I can bid however and the balance is showing up properly.

Fred Trotter | November 9th, 2009 at 3:36 am

I understand that as a Texas resident I was able to loan on Prosper in the past, but now I cannot. Fine. But why on earth would you not put that information -prominently- on the page when I click “invest”. Instead I have to try to start a portfolio plan.. oh, cannot do that in my state. I guess I have to invest in individual loans. Hey look this is working… I can search through all of the loans… lets spend some time setting filters… ok lets invest in this one. Oh wait, I cannot invest here either. Thank you for stealing 15 minutes of my life… dammit dammit dammit. Please fix yourselves. It would also be nice to get an email when I -can- invest. Because if I want to invest then you are just wasting my time until that is true. Please have some respect for my time. If I come back to this site sometime in the future and find that you are still not respecting my time I will -never- return.


David | November 12th, 2009 at 11:23 pm

Texas!!!! Please give an update for lenders in Texas!!!

Paul Johnson | December 19th, 2009 at 6:17 am

What is the problem with lending in Pennsylvania. What can I do to help? Call my congress person?


Keith | February 19th, 2010 at 10:22 pm

TEXAS! Come on Texas!!

James Winder | May 20th, 2011 at 8:11 am

I own property in Florida but reside in Texas. Am I eligible to be a Prosper investor?

When is an approximate date that Texas will be approved Prosper lenders? Will you inform me when Texas is approved?

Prosper Blog | June 6th, 2011 at 4:24 pm

Your actual residence determines your state lending availability. We are working on getting all states approved for both lenders and borrowers. Like you, we are anxious to get these approvals as soon as we can, and will update our blog as new states are approved. Thanks for your enthusiasm!


posted in Featured,Lenders,Prosper News 12 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.