Because LendingClub’s small business loan program is new, investments in these small business loans are not yet available to retail investors on the LendingClub platform. Once the program is well grounded, with enough volume to generate robust data on loss and default rates, we may make it available to other investors, including retail investors.

Keep in mind that borrowers may apply for a personal loan and list the purpose as “for business.” Personal loans like this are currently available to retail investors for investment and are listed with the loan purpose "small business."