Lending Club On Pace For $2 Billion In Loans In 2013

lending_club_logo_newLending Club is on a roll. The company has announced that they’ve faciliated over $3 billion in loans originated on their P2P lending platform since their launch in May of 2007. The site is on pace for over $2 billion worth of loan originations in 2013 alone.

For Lending Club, growth in loans means growth in the offices. The company has expanded to fill four floors of their building at 71 Stephenson St. in San Francisco. Employment has doubled at the company this year, increasing to over 300 employees.

It is gratifying to see how many people we’ve been able to help achieve their goals this year, from consolidating debt to paying off credit cards to completing home improvement projects. We plan to maintain our growth into 2014 as Lending Club becomes a mainstream brand, expands into new product categories and continues to offer consistent, high quality products and service to an increasing number of creditworthy consumers.Renaud Laplanche, Lending Club CEO

Lending Club has issued 225,000 loans to residents of 44 states to date. They have over 70,000 investors registered on the site.

“This has been another good year for Lending Club,” said Lending Club CEO Renaud Laplanche. “I am grateful for all of the hard work and support that the entire team has put in to grow the company into a transformative force in the banking industry, focusing on offering consumer-friendly, low cost products that help people achieve their financial goals.”

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