Prosper Marketplace Now Open to Mississippi Lenders

Prosper Marketplace has announced that they have met state regulations to operate in Mississippi and now have clearance to accept lenders from the state.

In a statement made on Prosper’s company blog, the company commented, “We have hundreds of lenders and borrowers participating in the first auction based peer-to-peer loans platform and welcome our members in Mississippi back to our community.”

Prosper Marketplace says that it is in process of meeting regulatory requirements in the 22 states that it does not currently do business in. Commenting on the company’s ongoing process of meeting state regulations, it noted that “each state has their own process and ultimately Prosper does not control the timeline involved to get approval. Rest assured that this is a priority for us and we will let you know as lending opens up in new states.”

Prosper is currently available to lenders in the following states: California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Louisiana, Maine, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New York, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Virginia, Washington, Wisconsin and Wyoming.

Here is a map of Prosper Marketplace’s current state-by-state availability to lenders:

Prosper Marketplace's current availability Map

(Source: Prosper Marketplace Blog)