StreetShares

lendingsme financingp2p lending

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 14/02/2020

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About

StreetShares provides financial solutions for Americas heroes and their communities. Now hiring at streetshares.com/careers!StreetShares, Inc. is Americas social finance community for veterans, active duty military, their families, and supporters. StreetShares provides targeted high-demand financial products to the military and veterans community, including: * customized small business loans* lines of credit for working capital* government contract financing* mobilization and receivables financing* high-yield investments * veterans community retail investment products Membership is free and open to small business owners and U.S. investors. StreetShares is veteran-run and located outside of Washington, D.C.Copyright 2017, StreetShares, Inc. All rights reserved.StreetShares, StreetShares.com, and the StreetShares logo are trademarks or service markets of StreetShares, Inc. These materials are not an offer to sell, or the solicitation of an offer to purchase, any securities.

MEDICI Analysis

StreetShares provide a digital lending platform for American small businesses. The company describes itself as “Shark Tank meets eBay” because it serves as a platform where small business owners pitch their loan requests to the community of StreetShares investor members.

Focus

PRODUCTS & SERVICES

The company offers loans with terms ranging from three to 36 months and lines of credit ranging from $2,000 to $100,000. Investors can lend from $25 to $100,000 in Veteran Business Bonds and earn 5% interest.

REVENUE MODEL

Company charge an origination fee between 1.45% and 4.95% of the total loan amount before the money is deposited to the account and other fees including late payment etc.

MAIN CLIENTS

Military personnel and veterans

EXISTING PARTNERSHIPS

RallPoint

FedBid

COMMENT

Business owners pitch their business through a 3-step, mobile-enabled application and investors compete to fund them through an auction.

Traction

VALUATION / MARKET CAP:

$8 M in 2015

REVENUE

$1.0M - $4.99M in 2017

REVENUE COMMENT:

The company had $3Million+ revenue in 2017

TRACTION COMMENT:

StreetShares uses technology to serve the business funding and alternative investment needs of America's heroes and their communities (Jan 2018).

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