Lending Club has been forced to seek the ability to originate loans on a state-by-state basis, and that map of states just filled in a bit. Lending Club has announced that the peer lending platform has received the green light to operate in the State of Mississippi.
“We’re excited to be able to offer access to personal and business loans to residents of Mississippi,” said Lending Club CEO Renaud Laplanche. “To date, loans through Lending Club have helped more than 290,000 Americans achieve their financial objectives. Our goal is to become more helpful to more people, and this is another step toward that goal.”
As of today Lending Club has facilitated over $4 billion in consumer loans since launching in 2007 and has more than doubled annual loan volume each year. Utilizing technology and automated processes online, Lending Club’s platform is able to provide more affordable credit to borrowers and solid yields to investors.