Thursday, April 10, 2008

Lending Club at Santa Cruz Tech MeetUp

Despite the recently announced 'quiet period,' Lending Club's Rob Garcia met with dozens at the Santa Cruz Tech MeetUp on Wednesday. Here's a brief report from the Santa Cruz Sentinel:

"Rob Garcia said Lending Club was an alternative for investors looking for higher returns and borrowers seeking lower interest rates. Rates for personal unsecured loans start at 7.88 percent; a total of $15 million in loans have been issued. The firm is registering with securities officials, and no investments are currently being accepted."

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