Lending Club

Lending Club is a peer-to-peer lending platform that provides loans to individuals and small businesses. The company acts as an intermediary between borrowers and investors who provide funding for the loans. Lending Club operates exclusively online and uses algorithms to evaluate credit risk and set interest rates. Borrowers can apply for loans ranging from $1,000 to $40,000 with repayment terms of three or five years. Investors can choose to invest in loans individually or in portfolios, with potential returns based on the performance of the loans. Lending Club aims to provide more affordable access to credit for borrowers and attractive investment opportunities for investors.