Does Prosper originate the loans?

No. Listings on the platform are originated through WebBank, an FDIC-insured, Utah-chartered industrial bank. Prosper later purchases and the loans from WebBank and sells the loans, or payment-dependent Notes, them to investors. The investor is entitled to accrued interest for all periods after the loan is purchased from WebBank. Prosper’s Notes are offered by Prospectus which is an official document that describes all the key information for the investments we offer. You can find our Prospectus on our website at the bottom of any page at

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