StreetShares recently closed its Series B round of funding with the help of “veteran-focused venture firm Stony Lonesome Group, and a $20 million investment from Rotunda Capital Partners, LLC.” The company offers financial solutions focusing on the “military and veterans market, including small business funding, lines of credit, and alternatives to VA small business loans for vet-owned businesses.” The purpose is to bring together investors and offer loans and bonds to veteran and military spouse-owned businesses.
The idea is built around “social trust” based on a commitment entrenched into veterans during their experience protecting and serving their country. This trust “means lowering the risk and the rates for borrowers and better returns for investors.”
The new $20 million funding will allow for an increase in available money for veteran-owned companies as well as better rate offerings. “These loans come in various forms, from traditional loans to factoring, or loaning money based on outstanding contracts. It also provides more opportunities for people to invest in veteran-owned small businesses as they expand their Veteran Business Bonds program. Individuals can start investing with just $25 and feel good knowing they are supporting the first military community social-impact investment program.”