Peer-to-peer lender, Lending Club, announced today that it is expanding into small business lending. The company will provide 1 to 5 year loans of between $15,000 and $100,000, starting at a fixed rate of 5.9%.

Does this make them P2P2B?

In an interview with CNN Money/Fortune, Lending Club CEO Renaud Laplanche said that the move was a matter of meeting a need that had gone unmet in the wake of the 2008 financial crisis. “Over the last couple years, the larger commercial loan market has picked up again,” he said. “If you look at smaller commercial loans, that market has continued to shrink since 2008.”

P2P lending network, Lending Club, is changing the way it is viewed by traditional banks.

When Lending Club demoed at Finovate Startup in 2009, the company boasted $35 million in personal loans originated.

This morning, we learn that Lending Club has reached $3 billion in personal loans originated, with $2 billion of that amount generated in 2013 alone.

With 225,000 loans in 44 states, Lending Club continues to leverage its lending technology to put borrowers and lenders together in a way that saves money compared to the kind of lending that characterizes traditional banking. Lending Club CEO Renaud Laplanche said, “it is gratifying to see how many people we’ve been able to help achieve their goals this year, from consolidating debt to paying off credit cards to completing home improvement projects.”