You must reside in one of the states listed below and meet that state’s Financial Suitability conditions, as described below. Individual investors can invest in Notes if they are a resident of:
Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, West Virginia, and Wyoming.
Investors who are residents of states other than California must have:
(b) have a net worth of at least $250,000 (determined with the same exclusions).
Investors who are residents of California must have:
(b) have a net worth of at least $200,000 (determined with the same exclusions) or
(c) invest no more than $2,500 in Notes if the investor does not meet either of the tests set forth in (a) or (b).
Note that some of these conditions do not apply to the Folio Investing* Note Trading Platform.
Based on current regulations, the five states not listed above – Alaska, New Mexico, North Carolina, Pennsylvania, and Ohio – limit investment activity in LendingClub Notes for their residents.
Alaska, New Mexico, North Carolina, Pennsylvania: Residents are unable to purchase LendingClub Notes on the primary market. However, they are permitted to buy and sell LendingClub Notes on the Folio Investing* Note Trading Platform.
Ohio: LendingClub Notes are currently unavailable for residents to purchase or trade.
We are currently working to expand LendingClub primary market investment access to residents of Alaska, New Mexico, North Carolina, Pennsylvania, and Ohio.
*Folio Investments, Inc. ("Folio Investing") is a registered broker-dealer and member of FINRA and SIPC and operates the Note Trading Platform. Folio Investing is based in McLean, VA and is not affiliated with LendingClub. Folio Investing has no role in the original issuance of the Notes and is not responsible for and does not approve, endorse, review, recommend or guarantee the Notes or the accuracy, reliability, or completeness of any data or information about the Notes. See the Important Disclosures page for additional important information. More information about Folio Investing is available at www.folioinvesting.com.