Early this morning, Lending Club announced that their quiet period has ended.  Lenders can once again make P2P loans, though the mechanics of the process have changed slightly.  Investors will now purchase notes, with interest rates between 6.69% and 18.63%, that correspond to portions of loans made to borrower members.

The major change is that lenders who become customers of FOLIOfn Investments, Inc. (Lending Club’s new partner) can resell their notes through a trading platform.  This is the first of its kind trading system in the social lending community.  It really changes everything.  Now lenders at Lending Club will have the one thing that has always been missing in P2P lending, liquidity.  If you need to cash out of the loans you hold, you can sell them in FOLIOfn’s market rather than wait for your monthly payments to come in.  This will also offer new trading opportunities for people looking to buy or sell debts, both good and bad.

I am certainly excited about these changes and hope expect Lending Club to become the P2P lending platform of choice for borrowers and lenders.  Welcome back, Lending Club!