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Prosper now open to Mississippi lenders

by Prosper on 01/21/10

Prosper is pleased to inform our lenders in Mississippi that we have received state clearances and are now open for business. We have hundreds of lenders and borrowers participating in the first auction based peer-to-peer loans platform and welcome our members in Mississippi 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% to 14%. These are healthy returns that confirm peer-to-peer lending is a viable alternative asset class in which to invest.

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, Mississippi, Missouri, Montana, Nevada, New Hampshire, New York, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Virginia, Washington, Wisconsin and Wyoming. Prosper is working to make lending available in more states, so check back on our site for the latest updates.

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


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9 Responses


Steve | January 24th, 2010 at 9:32 pm

Keep trying to get into Ohio cause I now have 1/2 of my account sitting in cash waiting to be invested with someone once we are allowed.


David | January 27th, 2010 at 12:02 pm

Is there anything I can do to help move the process in Arkansas so we can rejoin the other lenders?


dan | January 27th, 2010 at 1:27 pm

same here is there anything to do about maryland lending to speed up process


Paul | February 24th, 2010 at 12:17 am

When will I be able to invest money! I live in Tennessee :( Is there an estimated time line?


Jonathan | February 24th, 2010 at 11:09 pm

+1 on Maryland.


nicole | March 4th, 2010 at 5:54 pm

Can you also provide an update on Texas as well?

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