Jeb Bush, former Florida governor and Republican presidential candidate, has invested in Lending... [+] Club loans with a declared value between $1,001 and $15,000 (Photo by Daniel Acker/Bloomberg) With alternative lending booming, at least one presidential candidate has joined the venture capital firms and hedge funds that are putting money into the new breed of marketplace lenders. In recently released financial records, Jeb Bush, the former Florida governor and Republican presidential candidate, detailed his millions in assets, including a small stake in Lending Club notes. The notes have a declared value between $1,001 and $15,000, and interest income between $15,001 and $50,000. It’s not clear from the filing why the interest income is higher than the notes’ value. If Jeb is your lender, you won’t ever know it: In accordance with Lending Club's privacy policy (standard among marketplace lenders), investors and borrowers never know each other’s identities. The notes represent a minuscule piece of Bush's financial portfolio. He's pegged his own net worth between $19 million and $22 million, and even a one-off speech to Julius Baer Bank in Punte del Este, Uruguay, which paid $75,000, according to the filings, brought in more than the notes. Still, the fact that Bush is invested in Lending Club at all shows just how mainstream alternative lending has become. As deBanked, which follows the space closely, noted: “The value of the notes held are so small, one has to wonder if Bush himself did the investing.” Indeed.
Recently released financial records show that presidential candidate , George Bush , has a small stake in Lending Alternative Bank . Whilst it is indeed a very small stake , the notes have a declared value between $ 10 and $ 15,000 , it is seen as being indicative of " just how mainstream alternative banking has become " , says one media report .