StreetShares, the social lending marketplace has innovative financing tools available for small businesses. In addition to small business loans, there are opportunities to fund small businesses through StreetShare’s program that allows investors to support small business through low interest loans. They’ve also introduced a program, Commander’s Call this is a $5,000 Veteran Business Award. (See additional information below with link)
StreetShares is a social lending marketplace that connects small business owners with investors. Small business owners create business pitches to request loans from institutional and retail investors. Investors make bids to back portions of the loans to the small business. The end result: Small business owners get the loans they need, and investors get the returns they require.
After World War II, millions of Americans became business owners. This “greatest generation” sparked an economic boom, and America flourished. Banks were smaller, community-oriented, and supporters of small business. And business owners had access to small business loans.
Today’s small business owners face a very different environment. Strict lending regulations, big bank consolidation, and dwindling community banks leave small businesses with very few options. Business owners get to choose between difficult-to-obtain bank loans and costly online loan sharks. Learn more about Veteran entrepreneurship.
In 2013, StreetShares co-founders met for breakfast at a local diner to brainstorm a new Mainstreet funding source. The founding team had one vision: to breathe new life into the American Dream. And StreetShares was born.
On the StreetShares marketplace, small business owners can tell their story directly to investors. They pitch their business and retail and institutional investors place bids to fund a portion of their loan. It’s like Shark Tank meets eBay.
StreetShares is so committed to growing small business, that they personally back a portion of every loan.
Commander’s Call $5,000 Veteran Business Award
StreetShares is awarding $5,000 each month to a veteran-owned small business. Learn more and apply to win at StreetShares.com