For what purposes do borrowers request loans through Prosper?

For loans originated through our marketplace by WebBank between July 13, 2009 and December 31, 2020, borrowers identified their intended use of loan proceeds as follows:

  • debt consolidation (approximately 4%)
  • home improvement (approximately 6.9%)
  • business use, such as financing a home-based or small business (approximately 1.3%)
  • financing of medical/dental procedures (approximately 4.0%)
  • other (approximately 19.5%)

Please refer to our Prospectus for the most up-to-date information on borrowers' stated loan purposes.