GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LendingClub Corp (LTS:0JTY) » Definitions » Payments on Behalf of Employees

LendingClub (LTS:0JTY) Payments on Behalf of Employees


View and export this data going back to 2018. Start your Free Trial

What is LendingClub Payments on Behalf of Employees?

Payments on Behalf of Employees only applicable to companies reporting Cash Flow from Operations in direct method.


LendingClub (LTS:0JTY) Business Description

Traded in Other Exchanges
Address
595 Market Street, Suite 200, San Francisco, CA, USA, 94105
LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.