Leading patient financing company, American Healthcare Lending (AHCL) announced today that it has officially changed its name to Prosper Healthcare Lending (PHL). This change comes after AHCL was acquired in January by Prosper Marketplace, which operates the largest privately held online marketplace for credit. PHL will continue to offer the same services to its provider locations and will introduce an additional innovative new financing platform in the cosmetic surgery, fertility, bariatric surgery and dental industries.
Prosper connects people who want to borrow money with people who want to invest. The company has facilitated more than $3 billion in loans through its platform, growing over 350% in 2014. Prosper offers borrowers fixed-term, fixed-rate loans with no pre-payment penalty. The addition of what is now Prosper Healthcare Lending will give the company the opportunity to bring a consumer-friendly option for financing medical procedures to an industry that has been characterized in the past by high rates and a lack of options.
Prosper Healthcare Lending will continue as one of the fastest growing companies in the patient financing industry. PHL’s financing platforms offer healthcare providers dramatic cost savings compared to the other leading brands because of no transaction fees for standard installment loans, no subscription fees, and no setup fees. Financing from PHL also benefits the patient. Unlike other patient financing companies, PHL provides healthy loan options with no retroactive interest and no prepayment penalties.
Prosper Marketplace was recently named one of Forbes’ “Most Promising Companies in America” in 2015. The company was also awarded the Deloitte Fast500, recognizing the fastest growing public and private companies in North America, and for the past three years has been recognized as one of the fastest growing private companies in the Bay Area by the San Francisco Business Times.
Prosper Healthcare Lending will reveal its new financing platform for dental providers at the CDA Presents dental tradeshow April 30, 2015, in Anaheim, California. Representatives will be located at booth number 2256.
About Prosper Healthcare Lending
Based in the “Silicon Slopes” of Salt Lake City, Utah, Prosper Healthcare Lending (PHL) is a leading patient financing company for healthcare providers in the cosmetic dentistry, bariatric surgery, fertility, plastic surgery, and other industries. PHL has pioneered the cloud-based Financing as a Service (FaaSTM) model, which delivers significant cost savings to providers. This also provides an easy-to-use online financing solution for patients that can be accessed from the provider’s office, at home, or on any mobile device. Healthcare providers throughout the country utilize PHL’s innovative patient financing platform in order to help Make Healthcare AffordableTM for their clients. Prosper Healthcare Lending is a subsidiary of Prosper Marketplace, a leading peer-to-peer lending platform.
Prosper Funding LLC (Prosper), headquartered in San Francisco, owns a leading online marketplace for consumer credit. Prosper connects people who want to borrow money with people who want to invest money. With a commitment to providing world-class customer service, the convenience of applying online day or night, and none of the lengthy applications or wait times associated with traditional avenues, Prosper offers people a superior way to borrow money at fair rates. Over the past six years, more than $3 billion in personal loans have originated through the Prosper platform, helping people around the U.S. consolidate credit card debt and finance major purchases. Learn more about borrowing and investing through Prosper at www.prosper.com. “Prosper Marketplace,” founded in 2005, is the parent company of Prosper Funding LLC.
All personal loans through Prosper are made by FDIC member banks. Notes offered by Prospectus.