I applied on a Monday night, and the next day around 11am, I received a call from the Director of Support. I was so excited about her call, that I immediately returned her phone call (while I was at work) and was a bit unprepared. I had found the job posting on Craigslist, and hadn't done much research on the company previous to calling her back.
This phone call was basically a phone interview, and I thought I ruined it when she said, "I always recommend everyone researches a company before applying".
I must have made up for my mishap because I was invited to an interview that Thursday at the office.
Great office, and great interview experience. I sat down with 4 people, the last being the director. They were timely, great conversation and no weird interview questions. I enjoyed my 2 hour experience. I also filled out a paper allowing them to do a background check (criminal and credit). The director did ask if I had anything on either record (like a DUI) that I wanted to tell her about beforehand. I had nothing.
A few business days later, I received a call from her saying that I was a stellar candidate, but unfortunately due to some recent delinquencies on my credit report, she couldn't offer me the job. She did encourage me to keep them in mind in the future once some of it has 'rolled off'. The next day I received an email with a copy of my background check. Basically, a mishap in a student loan switch of companies that led to a few months of being delinquent was all that was wrong. It is a financial institution, so I understand they have to be strict about that kind of stuff.
The pay was going to be a pay cut as well. It is a non-negotiable starting salary of $45,000 with 500 shares of equity. They pay full medical and offer a gym membership.
Overall, I would have taken the pay cut for this job, but it just wasn't the right time. I also have been in the interview process with another larger startup at the same time, and Lending Club is at least quick with it all.