Title: LendingClub Gets More Fundings
Post by: go4reward on March 27, 2009, 12:48:25 PM
According to Business Journal LendingClub is getting more fundings lately from various sources. It might fill the void when Prosper left now.
Here is the link:
http://sanjose.bizjournals.com/sanjose/stories/2009/03/16/daily62.html?ana=yfcpc (http://sanjose.bizjournals.com/sanjose/stories/2009/03/16/daily62.html?ana=yfcpc)
I hope Prospers will come back soon.
Here is the link:
http://sanjose.bizjournals.com/sanjose/stories/2009/03/16/daily62.html?ana=yfcpc (http://sanjose.bizjournals.com/sanjose/stories/2009/03/16/daily62.html?ana=yfcpc)
I hope Prospers will come back soon.
Title: Re: LendingClub Gets More Fundings
Post by: Investar on March 27, 2009, 01:35:39 PM
Yeah, I read that elsewhere. The $12 million is more borrowed capital so they can continue to operate. They are still operating at a loss just as Prosper was. The operation has not grown large enough to support itself thru origination and servicing fees.
I also read here (http://prosperlending.blogspot.com/2009/03/lending-club-introduces-ira-product.html) that you can now open an IRA at LendingClub. So they are continuing to expand.
I also read here (http://prosperlending.blogspot.com/2009/03/lending-club-introduces-ira-product.html) that you can now open an IRA at LendingClub. So they are continuing to expand.
Title: Re: LendingClub Gets More Fundings
Post by: go4reward on March 27, 2009, 02:20:42 PM
I also read here ([url]http://prosperlending.blogspot.com/2009/03/lending-club-introduces-ira-product.html[/url]) that you can now open an IRA at LendingClub. So they are continuing to expand.
I would not risk my IRA money with p2p lending yet until the credit crisis has submerged. Traditional IRA maybe OK, but not Roth IRA.
Title: Re: LendingClub Gets More Fundings
Post by: deskguy on March 27, 2009, 03:11:17 PM
I also read here that you can now open an IRA at LendingClub. So they are continuing to expand.
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but if you're from maryland, don't bother apply.
deskguy
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but if you're from maryland, don't bother apply.
deskguy
Title: Re: LendingClub Gets More Fundings
Post by: go4reward on March 27, 2009, 07:09:50 PM
I also read here that you can now open an IRA at LendingClub. So they are continuing to expand.
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but if you're from maryland, don't bother apply.
deskguy
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but if you're from maryland, don't bother apply.
deskguy
What a bummer! Maryland is always a lagger.
