StreetShares

StreetShares

TypePrivate
IndustryFinancial Technology
FoundedDecember 2013
FoundersMark L. Rockefeller, Mickey Konson, Ben Shiflet
HeadquartersReston, Virginia, United States
ProductsBusiness loan, financial software, Banking as a service (BaaS)
Websitestreetsharesplatform.com
  • StreetShares, Inc. is a financial technology company and small business funding marketplace.
  • In 2016, StreetShares received approval from the United States Securities and Exchange Commission for America's first public social impact investment product for veterans.
  • In June 2019, StreetShares launched the StreetShares Platform to help community banks and credit unions make loans to small businesses..
  • Model
    • StreetShares offers a white-labeled service on behalf of banks and credit unions so that banks can offer offers 3 to 36-month term business loans.
    • Borrower applicants must be U.S. citizens or permanent residents, in business for at least one year, earning revenue, incorporated or LLC, and have a business guarantor.
    • StreetShares charges a pre-disclosed one-time origination fee based on term length, risk and loan amount.
    • Banks and credit unions pay a subscription fee for the technology.
    • Funding for the loans can come from StreetShares own balance sheet or from the banks and credit unions directly.
    • Because StreetShares has its own lending balance sheet, the technology may also be used by non-finance companies.
    • StreetShares investments are available to qualified investor members with an established StreetShares account.

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