Who can lend
Lenders can buy Borrower Payment Dependent Notes issued by an affiliate of People Capital. The proceeds of each series
of Notes are designated by the lenders who purchase them for funding a corresponding loan. Read more about
Currently, all People Capital lenders must be accredited investors as defined under Rule 501 of
promulgated under the .
Accordingly, to lend money through the People Capital platform you must qualify as one or more the following:
- A bank, insurance company, registered investment company, business development company, or small business
investment company;
- An employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank,
insurance company, or registered investment adviser makes the investment decisions, or if the plan has total
assets in excess of $5 million;
- A charitable organization, corporation, or partnership with assets exceeding $5 million;
- A director, executive officer, or general partner of People Capital;
- A business in which all the equity owners are accredited investors;
- An individual who has individual net worth, or joint net worth with the person's spouse, that
exceeds $1 million at the time of the purchase;
- An individual with income exceeding $200,000 in each of the two most recent years or joint income
with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level
in the current year; or
- A trust with assets in excess of $5 million, not formed to acquire the securities offered, whose
purchases are made by a sophisticated person
People Capital is required to verify, and will verify, that you qualify as an accredited investor before you will be
permitted to lend money through the People Capital platform.
How to become a lender
If you qualify, become a People Capital member and follow these three steps to lend money:
Step 1: Register to use the platform
Complete the lender registration and verification process (including direct communication with a People Capital
representative and providing any requested documentation), review the confidential
, then transfer funds into your
lending account.
Step 2: Review borrowers and loans
Review the current list of borrowers and their loan requests to select the one(s) that meet your personal investment goals.
Step 3: Bid on the loans you wish to fund
During loan auctions, incrementally at your desired rates of return. Or set up an
that will automatically make bids based on criteria that you have set.
If your bid wins, your money will comprise part, or the entirety, of the loan that is
to the borrower. People Capital manages monthly loan payment(s), automatically distributing the pro-rata share of principal and interest to your account.
Lender benefits
Qualified lenders can use People Capital's robust functionality to search, filter and match borrowers on a variety of human capital, financial and
educational metrics. You can also create a unique portfolio of select student loans using benchmark income projections and relevant data.
Our gives you a superior way to assess borrowers' relative credit risk.
Want to learn more?
Our Support Center provides several tools to help you understand better how the People Capital platform
works, such as a list of Frequently Asked Questions and a
Glossary of useful terms.