• Subscribe
  • Contact Us
  • About LendIt Fintech News
  • Home
  • Menu Item
  • Menu Item
  • Menu Item
  • Menu Item

Lend Academy

LendIt Fintech News: Daily Coverage of Fintech & Online Lending


  • Editorial
  • Daily News
  • Podcast
  • Investor Forum
  • Events

You Can’t Find Lending Club on the SEC Website

August 6, 2012 By Peter Renton 4 Comments

Views: 25

As you may know every loan on both Lending Club and Prosper is a security that is registered with the SEC. Not only that but the quarterly and annual financial reports for both companies are also filed with the SEC.

The SEC has the Electronic Data-Gathering, Analysis, and Retrieval system, known as EDGAR, that allows anyone to query their entire database of filings for information on any registered company. Which means you can search the filings for Lending Club and Prosper.

If you type Prosper into the company search form on EDGAR you can easily find the official filings of Prosper Marketplace Inc (the official name of Prosper) as well as their new entity Prosper Funding LLC which is still in the approval process. But type in “Lending Club” and you receive the message: No matching companies. What gives?

You Need to Use LendingClub not Lending Club

Sometimes computers are not that smart. The SEC database has no idea you really mean LendingClub not Lending Club. You see, Lending Club’s official name is LendingClub Corporation and that is the name it goes by in all SEC filings. But on their own website and in their press releases they refer to themselves as Lending Club. It can be a little confusing.

So lose the space and you can find LendingClub on the SEC site. There you can see all the filings. I warn you, though, there are thousands of entries because they average about 5-6 filings a day with all the new loans that are issued. If you want to see the important filings you should use the Filing type filter (10-Q or 10-K are the most important).

Of course, you can make it easy on yourself and just go to the special SEC filing sections that both Lending Club and Prosper make available on their respective sites.

Filed Under: Regulation Tagged With: Lending Club, lendingclub, Prosper, sec

Views: 25

Comments

  1. Daniel Hobbs says

    August 6, 2012 at 4:00 pm

    Peter, you have to search for “lendingclub” one word. https://goo.gl/Hj30f is the shortcut link, and you want the second Lending Club, CIK #0001409970.

    Separately, I’ve been working on a much larger solution to the fall of lendstats.com, as it was helpful for us for many years, but missing the customization and larger data inferences we need to make intelligent investing decisions. If anyone wishes to be kept up on my progress, visit https://www.loanstats.com. Thanks

    Reply
  2. Daniel Hobbs says

    August 6, 2012 at 4:04 pm

    oops! sorry, Peter. My screen cut off the bottom half of your post. clearly you also know how to find it!

    Reply
    • Peter Renton says

      August 6, 2012 at 4:09 pm

      No worries Daniel. Looking forward to finding our more about loanstats.com. Sounds very interesting.

      Reply

Trackbacks

  1. Some People Think P2P Lending is a Ponzi Scheme says:
    August 10, 2012 at 10:06 am

    […] Club and Prosper are publicly available. This completes the audit trail. Anyone can search the SEC filings of Lending Club and Prosper and look at the balance sheets and income statements from either company going back […]

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Investor Intelligence

Peter Renton's Returns

Investor Forum

Lending Club Review

Prosper Review

Investor Resources

Most Popular Editorials

The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place

The 2018 Lending Club and Prosper Tax Guide

My Returns at Lending Club and Prosper

Map of Available States for Lending Club and Prosper Investors

Banks and Marketplace Lending Platforms: Ideal Partners?

Subscribe to the Podcast

Subscribe to the Lend Academy Podcast on iTunes
Subscribe to the Lend Academy Podcast
List of Podcast Episodes

Archives

Follow @LendAcademy Follow @LendIt

ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

Recent Editorials

  • Top 10 Fintech News Stories for the Week Ending March 6, 2021
  • Podcast 288: Leigh Phillips of SaverLife
  • The MLA and OLPI Merge to Form the American Fintech Council
  • Marcus Co-Founder Leaving for New Walmart Fintech Initiative
  • Top 10 Fintech News Stories for the Week Ending February 27, 2021

Copyright © 2021 · Metro Pro Theme on Genesis Framework · WordPress · Log in