Loanio’s Quiet Period Begins

Loanio.com has entered a quiet period as they begin the registration of promissory notes.  Well.. at least it isn’t floating alone as it shares the boat with Prosper.com.  Lendingclub.com finished the process earlier this year and is free sailing.  

The thing that I have a hard time understanding is why Loanio even opened their doors for business.  They delayed the grand opening multiple times… opened shop… just to close it two months later.   Hopefully while they stand idle, they get licensing for more states.   I figure if you’re going to have a grand.. grand.. reopening, truly have “Peer Lending For Everyone”.  Good Luck Loanio.com!

“Loanio, Inc. has suspended its business activities so that we may begin the process of registering our promissory notes with the appropriate securities authorities. Please be advised that effective immediately, Loanio will no longer be accepting registration from lenders or borrowers or accepting new loan requests until further notice. We appreciate your understanding and patience during this “quiet period” and hope to reopen for business as soon as possible. 

During this period we will not be responding to press, blogs, or other member inquiries specifically related to the suspension of business. However, if you have questions related to your account, loans, or any other related issues, you may contact us, as always, by logging into your account and creating a customer support ticket. ” Loanio.com