SAN FRANCISCO, June 17, 2014 /PRNewswire-iReach/ — As of this week, Wyoming and Minnesota residents are eligible to apply for short term loans from the California-based online lending innovator LendUp. Since the beginning of this year, LendUp has been expanding to new states at an astonishing pace. The online lender is now licensed in 10 states, and shows no signs of slowing down.
While 12.6% of households in Minnesota are underbanked, the percentage is almost double in Wyoming, in which 21.1% of households are underbanked. While LendUp customers do need bank accounts to complete the online application, the application process is paperless, convenient, and secure. Further, the lender prides itself on flexible terms and fees typically below those of the competition.