Peer to peer lending using Lending Club

I'd like to check with you if participating as a lender in peer-to-peer lending platform such as Lending Club will be okay in my Solo 401k. They do support opening a Self-directed IRA account, but I would like to be able to invest directly out of my 401k without opening new self-directed IRA account.

Yes, you can invest using the Lending Club platform with your Solo 401k.

You will need to establish a trust account in the name of your Solo 401k trust:

https://www.lendingclub.com/public/investment-account.action

• Name of the trust: Name of your Solo 401k trust
• Tax ID of the trust: EIN of your Solo 401k trust
• Grantor: Plan sponsor/Adopting business of the Solo 401k

https://kb.lendingclub.com/investor/articles/Investor/What-are-Lending-Club-s-investment-account-options/?l=en_US&fs=RelatedArticle

Titling of assets in the Solo 401k trust