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StreetShares Review


StreetShares Review

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Date Established
Reston, VA


  • Relaxed borrower qualifications
  • Competitive terms and fees
  • Easy application process
  • Typical time to funding: 2 – 7 days
  • No prepayment penalties
  • Excellent customer service


  • Unsuited for large businesses


StreetShares is an online lender that offers business installment loans, lines of credit and, most recently, contract financing (a service similar to invoice factoring). This loan service was originally founded by veterans, for veterans. You do not have to be a veteran to use this service, but it is an excellent resource for those who are.

Regardless of whether or not you’re a veteran, StreetShares offers some mighty compelling reasons to use their service. In addition to offering an array of useful business financing products, this lender offers low rates and fees. For example, APRs for their installment loans and lines of credit range from 7% – 39.99%, which is competitive to similar lenders and overall lower than other types of loans (such as short-term business loans, which can have APRs that reach up to 100% or above).

Additionally, StreetShares has very low borrower requirements. To have a good chance of qualifying for a loan or line of credit, you have to be in business at least a year, make at least $25,000 annually, and have a credit score of 620 or above. Qualifications for contract financing are even lower — merchants simply need to own a B2B business with eligible invoices.

With a maximum of $250,000 for installment loans and lines of credit and a maximum contract value of $500,000 per contract for contract financing, some businesses will find that StreetShares doesn’t offer large enough amounts of money to fit their needs.

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However, if this lender is a good fit for your business, it’s a great deal. The loans are versatile, the rates and fees are hard to beat, and customer service is transparent and friendly.

Sound like something you’re interested in? Read on for the details!

Services Offered

StreetShares offers these products:

  • Installment loans
  • Lines of credit
  • Contract financing (similar to invoice factoring)

Borrower Qualifications

StreetShare’s borrower qualifications are the same for their installment loans and lines of credit, but a little different for contract financing.

Installment Loans & Lines Of Credit

These are the borrower qualifications for a StreetShares installment loan or line of credit:

RequirementMinimum requirement
Time In Business:2 years (sometimes 6 months)
Personal Credit Score:620
Business Revenue:$100,000 per year

To qualify for a StreetShares loan, you need to be in business at least one year. However, if your business has already made $100,000, you might be able to qualify even if you’ve only been in business for six months. You cannot have any liens or stacking loans. StreetShares cannot lend to businesses based in North Dakota, South Dakota, Nevada, or Montana. StreetShares cannot finance businesses in the following industries:

  • Law firms
  • Transportation
  • Vice (gambling, substances etc.)
  • House-flipping
  • Start-ups
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StreetShares does make some special accommodations for veterans. If you’ve served, the minimum credit rating requirement falls to 600, for example.

Contract Financing

The qualifications for this funder’s contract financing are much more simple. Because invoices are contingent on your customer paying, StreetShares does not require that you have been in business a certain amount of time or have a certain credit score to qualify for financing.

Instead, you must own a B2B or B2G business that invoices customers.

Terms & Fees

StreetShares offers installment loans, lines of credit, and contract financing.

Installment Loans

These are the terms and fees for StreetShare’s installment loans: 

Column HeadingData

Borrowing amount:

$2,000 - $250,000

Term length:

3 - 36 months

Interest rate:

About 6% - 14%

Closing fee:

3.95% - 4.95%

APR range:

7% - 39.99%

The maximum amount you’ll be able to borrow is 20% of your annual revenue; the total amount you can borrow caps off at $250,000. For example, if your business makes $40,000 per year, you’ll be able to borrow a maximum of $8,000.

Term loans are dispersed in one lump sum, and you have to pay interest on the full amount. The closing fee will come out of the principal; if you need a certain amount of money, ask for a little more to cover the fee.

Repayments are made weekly via automatic ACH withdrawals. Merchants who miss a payment due to insufficient funds will incur a $10 NSF fee, and another $10 late fee if the payment is more than seven days late. The lender does not charge a fee for repaying your loan early, though.

StreetShares also requires a business guarantor, but no other collateral.

Lines Of Credit

These are the rates and fees for the lines of credit:

Column HeadingData

Borrowing amount:

$5,000 - $250,000

Draw term length:

3 - 36 months

Interest rate:

About 6% - 14%

Draw fee:


APR range:

7% - 39.99%

StreetShare’s lines of credit also max out at $250,000, but the amount you’ll personally be offered will depend on your revenue. You can draw from your line at any time, and only have to pay interest on the amount borrowed. Repayments are made on a weekly basis.

The company adds on a fee of 2.95% every time you draw from your credit line. Aside from potential late fees, however, a draw fee is the only fee you will be charged. StreetShares does not charge maintenance fees or a prepayment penalty for this product.

Compare StreetShares To Other Line of Credit Lenders

LenderBorrowing AmountDraw TermDraw FeeAPRNext Steps

$6K - $100K6 monthsNoneStarts at 13.99%Apply Now

$2K - $5MVariesVariesVariesApply Now

$5K - $5M6 months1.50% per draw21% - 65%Apply Now

$1K - $100K12 weeksNone12% - 54%Apply Now

Contract Financing

These are the rates and fees for contract financing:

Column headingData

Credit Facility Size:

Max $500,000 per invoice

Advance Rate:

Up to 90%

Discount Rate:


Max Overdue Account:

180 days

Additional Fees:


Contract Length:


Monthly Minimums/Maximums:


Factor All Invoices:


Recourse Or Non-Recourse:


Notification Or Non-Notification:


StreetShares’s contract financing is similar to invoice factoring. Instead of a loan, StreetShares technically purchases your unpaid invoice at a discount. Typically, StreetShares works with B2B or B2G businesses that are prime or subcontractors on federal, state, or commercial contracts.

The company will advance you up to 90% of the invoice value when you sell an invoice and keep the remaining amount in reserve. After your customer pays the invoice, StreetShares will deduct a fee from the reserve, and then send anything that is left over to you. The fees for this service (called discount rates) vary depending on your business, your customer’s business, the volume of invoices you’re selling, and other variables.

Aside from the discount rate, StreetShares does not require any additional fees, such as application fees, startup fees, servicing or maintenance fees, or termination fees. Additionally, you will not be required to sign a long-term contract, and you have complete control over which invoices you choose to sell.

Contract financing can be used in addition to, or instead of, StreetShares’s installment loans and lines of credit.

Application Process

The first step to getting a StreetShares loan is to fill out their online application. You’ll be asked for information about yourself, your business, and the financial products you’re interested in.

If you’re approved to continue the process, you’ll have to provide documentation about your business and your finances. The documents you’ll be required to provide will vary depending on your business and the products you’re applying for.

StreetShares will do a soft pull on your credit. Then, underwriters will look at your information and decide what rates and fees they can offer your business. You may have multiple loan offers, which will vary based on interest rate, term length, or other factors. If so, you can choose which is best for your business.

The time from initial application to funding generally takes less than a week.

Sales & Advertising Transparency

StreetShares has signed the Small Business Borrower’s Bill of Rights, a list of rights created by the Small Business Lending Coalition that lays out the fundamental rights of merchants seeking financing. Among other things, this means StreetShares is committed to providing a transparent and easy-to-understand service.

The company largely lives up to that promise. The website has a fairly detailed FAQ which provides a lot of important information about their installment loans and lines of credit. However, it is lacking information about contract financing and some information about loan products (such as the range of interest rates), which might make it difficult for potential borrowers to compare their options.

Customer Service & Technical Support

Customer service is available via phone, email, or live chat. Or, if you’re into the whole social media thing, you can find them on Facebook and Twitter.

Reviews about StreetShares customer support are largely positive. While a couple of reviewers on TrustPilot complain about unhelpful reps, the majority state that they’re happy with the level of customer support. In my experience, the customer service is helpful, transparent, and willing to answer questions.

This lender also has a fairly detailed FAQ that can answer most of the basic questions you might have.

Negative Reviews & Complaints

StreetShares is accredited with an A+ rating by the Better Business Bureau and has very few complaints. The lender also has a presence on TrustPilot, among other places on the web. While customers predominantly have good things to say about this lender, here are the few complaints I could find:

  • Lack Of Information: Some customers wanted the website to provide more information about the terms, fees, and the process of getting a loan.
  • Short Repayment Terms: StreetShares loans currently cap off at three years. Some would prefer longer term lengths.
  • Closing Fee: Should you borrow a loan, StreetShares will charge a closing see. That said, this fee is common in the lending industry, and StreetShare’s fee is competitive with similar lenders.

Positive Reviews & Testimonials

This lender has a number of testimonials on their blog, and a number of positive reviews on TrustPilot. Here’s what customers like about the service:

  • Fast, easy application process
  • Friendly, helpful customer service representatives
  • Veteran-friendly
  • Diverse financing products

We’d like to hear from you, though! Have you applied for a StreetShares loan? What was your experience like? Leave a message in the comments!

Final Verdict

If you have an existing, mature business in need of capital, StreetShares is definitely worth considering. The financial products are affordable, funding is fast, and you won’t be charged a lot of unnecessary fees.

Given that you can only borrow 20% of your annual revenue, some businesses might find that they need to look elsewhere for financing. Fortunately, if you’ve been in business for at least a year (two would be better), you’ve got plenty of other options.

LenderBorrowing AmountTermReq. Time in BusinessMin. Credit ScoreNext Steps

$5K - $500K3 - 36 monthsx1.003 - x1.04/mo12 months600Apply Now

$5K - $500K13 - 52 weeksx1.029 - x1.18729 months550Apply Now

$2K - $5MVariesAs low as 2%6 months550Apply Now

$20K - $500K1 - 4 years7.99% - 29.99% APR2 years660Apply Now

For everybody else, it would be worthwhile to include StreetShares in your comparisons.

Chris Motola

Chris Motola

Finance Writer at Merchant Maverick
Chris Motola is a writer, programmer, game designer, and product of NY. These days he's mostly writing about financial products, but in a past life he wrote about health care and business. He's a graduate of the University of Central Florida.
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Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Peedee Wyre

    Organization Name: Natural Foods

    As a Vietnam Veteran (Mekong Delta ’68-’69), I would have wished that I was aware of any organization like this when I bought a small business, and the building that it was in, in 1972. Retired years ago, I still try to support Veteran-owned businesses in any way possible. I will always choose an ethically-run Veteran product, all other things being equal. There are so many inventive, creative Veterans out there, many just need that extra outside “oomph” to get going. And those first few years can be rough, make-it-or-break-it time. It sounds like these Veterans “have our 6,” if needed. They just solicited me to invest in their Veteran Business Bonds, and I am accepting: Paying It Forward. I appreciate MerchantMaverick’s editorial policy and unbiased analysis. Awaiting positive results.

    • Organization Name: Natural Foods

    This comment refers to an earlier version of this review and may be outdated.


    Great review and informative write up! greatly enjoyed your informative and well abbreviated synopsis of this peer lender. Your feedback is a great resource. Thank you!

      This comment refers to an earlier version of this review and may be outdated.

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