Dreaming of expanding your business?

StreetShares has $23M of growth capital for veterans

Phil Briggs
January 26, 2018 - 1:36 pm
Categories: 

One of the hardest parts for veterans who have their own business is finding small business financing, while making sure they can still keep a roof over their head. 

So imagine having a friend with $23M dollars to lend ... Well, now veterans do.

StreetShares, an online funding organization that is focused on funding businesses owned by members of the military community recently announced they have secured $23 million in equity funding to continue the development and growth of their award winning FinTech platform to the military and veteran market.

“StreetShares uses technology to serve the business funding and alternative investment needs of America’s heroes and their communities,” said Mark L. Rockefeller, CEO of StreetShares.

"This injection of capital allows us to continue to provide red-carpet treatment to our very special members— the veteran entrepreneurs, small business owners, government contractors, and impact investors—that make up our country’s next ‘Greatest Generation."

StreetShares understands the loyalty, power, and pride that the military and veteran community bestows upon its exclusive members—

and harnesses that trust to help veteran business owners launch and grow their entrepreneurial efforts.   

According to the data, 80% of StreetShares’ funding is granted to the military community and 5600 Americans are employed by the companies that StreetShares helps.

Photo courtesy of StreetShares

 

How does it work?

Their model offers lower risk financial transactions which allows them to provide lower costs to borrowers and higher returns to investors—in other words, a win-win for all parties. The important note for veterans: this means that veterans and military entrepreneurs can secure small business capital for much lower rates than is typically available to through other financial institutions.

  • Small Business Funding: Small business loans, business funding, and lines of credit that are mobile, digital, clear, transparent, and human. StreetShares never charges application fees or pre-payment penalties.
     
  • Government Contract Financing: StreetShares has reinvented receivables financing and invoice factoring for government and commercial contracts. StreetShares provides funding at every stage: from pre-award to “mobilization loans” to traditional receivables financing. 
     
  • Alternative Investments: Do good; do well. StreetShares investors earn solid returns and support veterans, their families, and the main street business community with a first-of-its-kind impact investment product, Veteran Business Bonds.

 

To learn more about how StreetShares works—and their impact on the veteran community, visit StreetShares.com