Where does Prosper do business?
Prosper is a marketplace based in San Francisco, CA. It was founded in 2005 and offers financing opportunities to investors in 50 states (and Washington, DC).
What rate of return can investors expect?
The average rate of return is 5.4%. However, past performance does not guarantee future results.
What is the minimum investment you can make?
You must invest at least $25 to open an account with Prosper.
What fees does Prosper charge?
Fees may vary but you can expect to pay 1% of the amount invested.
What are the requirements to invest with Prosper?
Investors need a net worth of $200,000 or an annual income of at least $80,000.
Only U.S. citizens and permanent residents can invest in Prosper.
To qualify, applicants may need to provide the following documentation:
- Proof of Identity
- Proof of Income
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Immigration Status Considered||
|Minimum Annual Income||$80,000|
|Net Worth Requirement||$200,000|
|Verification Documents Required||