Map of Available States for Lending Club and Prosper Investors

Unfortunately, not all states allow investors to participate in p2p lending. I have written about this situation before but the bottom line is that every state has its own securities laws and some are more strict than others.

New potential investors want to know this: Is my state approved for investing with Lending Club and/or Prosper? To answer that question definitively I decided to create an easy to read map that will show everyone their different options.

The Definitive Map for Investors in Lending Club and Prosper

We have scoured through the most up to date information at Lending Club and Prosper to create this map below. We have color coded the map to make it easy for you to see where your state stands. And you can zoom in and out easily as well as drag the map to see where the different states stand. You can also click on each state for a quick summary of what is approved. And if you want see a slightly larger map just click here.

State approvals by color
  • Lending Club & Prosper
  • Lending Club only
  • Prosper only
  • LC Foliofn only
  • Not approved

Explanation of the P2P Lending State Availability Map

Lending Club and Prosper (red) – these states have no restrictions. Investors can choose between Lending Club and Prosper.

Lending Club only (yellow) – available only to investors in Lending Club. Keep in mind that Kentucky is restricted to accredited investors only.

Prosper only (green) – available only to investors in Prosper.

LC Foliofn only (light blue) – Lending Club has a secondary classification. These are states where investors are not allowed to invest in new loans but can buy loans on the trading platform run by Foliofn.

Not approved (dark blue) – unfortunately investors in these states are out of luck and cannot participate at this time.

Before you go and sign up at these platforms you should know that there are financial suitability requirements for investors regardless of which state you live in. Here are links to the requirements in the help sections at Lending Club and Prosper.

Good News is Coming for Ineligible Investors

There are many people who live in places like Ohio and Maryland that have been unable to participate in Lending Club or Prosper. There is some good news coming for these people. Lending Club is planning to do an IPO some time later this year that will change the landscape considerably.

Once the IPO has been completed Lending Club will be able to take advantage of something called a blue sky exemption. This exemption will allow residents of every state to invest in loans originated by Lending Club. This won’t happen overnight but they will be able to file with each state and eventually should be open to investors in all 50 states.

Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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Jun. 12, 2014 1:57 pm

I believe Minnesota and Idaho should be red, Prosper’s map has them both listed as eligible.

Jun. 12, 2014 2:19 pm
Reply to  Peter Renton

Yes, my apologies I see that now; when I originally posted they were appearing in yellow, I also thought I had deleted the comment within the time after a refresh had them in red.

Jun. 12, 2014 2:01 pm

Just to be clear, Peter, will the LC IPO blue sky all states for both “origination/primary” listings as well as the Foliofn secondary platform?

Jun. 12, 2014 8:26 pm


Very interesting chart.
Please note that there is absolutely no investor state restriction @ Peerform since we are under the Reg D Rule 506(c) of the SEC.


JJ Hendricks
JJ Hendricks
Jun. 13, 2014 11:46 am

Foliofn only states might explain why there is so much activity in Foliofn notes.

I have listed some loans on Foliofn that were issued within last 2-3 days. I offered no discount. Almost all of them get snapped up within 24 hours.

Thanks for explaining that.

Jul. 10, 2014 9:00 pm

Out of curiosity, what is the policy for Puerto Rico and the USVI, since both are US soil?

Robert Leon
Robert Leon
Aug. 27, 2014 10:21 pm
Reply to  SJM

I wish LC or Prosper would be available in P.R., if any investor knows about a solid platform available for us, please reply…

Robert Leon
Robert Leon
Aug. 29, 2014 10:55 pm
Reply to  Peter Renton

Thanks for your fast response Peter!! I was not aware of the IPO announcement if it wasn’t for your reply, now I’ll be following the news for more updates on that, again, thank you very much!! Really excited about it!

Nov. 26, 2014 3:29 pm

Can you clarify — your one response indicated that once the IPO is completed, investors from all states can invest with Lending Club loans, is that what you said? How would an IPO impact what states allow investing with Lending Club?


Melvin Douglas
Melvin Douglas
Jan. 24, 2015 9:27 am

Could i invest in the club living in Maryland using an Virginia po box?

Jan. 24, 2015 1:08 pm

So, in follow up, if I were looking for an investment loan for a property in Puerto Rico, would LC or Prosper investors be able to offer a loan for such a property? The option doesnt exist to choose PR when applying. Thanks!

Eugene Franco
Eugene Franco
Apr. 4, 2015 7:28 am

What does the new Reg A+ rule for mean for P2P lending? Debt securities are included in the list of eligible securities.

Couldn’t LC issue series of $50 MM Reg A+ notes and open the platform to everyone everywhere using the very clear pre-emption laid out?

They seem to have been scared to use the blue sky exemption as it would probably lead to litigation.

Joffre Miller
Joffre Miller
Feb. 15, 2017 3:37 pm

I’m new to P2P. I’m just curious, will Prosper ever be available for Texas?

Jul. 26, 2018 6:13 pm


are either Lending Club or Prosper available for investors from Alberta province in Canada or Massachusetts, USA ?

Jeffrey J Miller
Jeffrey J Miller
Oct. 8, 2020 11:42 am

Prosper is PAUSED/OFF for Georgia at the moment. Awaiting paperwork from the state they say.