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StreetShares business loans review

Up to $250,000 in business financing with a veteran-owned lender backed by a community of investors.’s rating: 4.49 / 5.0


Traditional business loans are time consuming and laden with paperwork, but online lenders are streamlining the process to get funds in your hands faster. StreetShares is one online lender that works with a community of investors to get your loan financed quickly.


Min. Amount$2,000
Max. Amount$250,000
Loan Term3 to 36 months
Min. Credit Score640
APRStarting at 8%
RequirementsBe in business for 1+ year, $25,000+ annual revenue, have "reasonable" credit and be a US citizen.

How much will this loan cost me?

StreetShares offers loans from $2,000 to $250,000 with rates starting at 8%. These can run as high as 75% for some borrowers and includes an origination fee of 3.95% or 4.95%.

Loan terms run from 3 months to 3 years. Use the calculator below to find out how much a StreetShares loan might cost you based on different loan amounts, rates and terms.

Business loan calculator

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How it works

Generally, established businesses that have strong annual revenue and owners with near-perfect credit can expect rates from $2,000 to just over 10%. But if you just meet StreetShare’s credit requirements, you can expect rates anywhere from 29% to 75%. Your fee is based on your creditworthiness, as well as your term length and loan amount.

But if you get a better offer with another lender StreetShares might beat or match those rates and terms through its best price guarantee program — as long as you meet its requirements. If it can’t beat an eligible offer, it’ll send you a $100 Amazon gift card.

What do I need to qualify?

To qualify for a business loan from StreetShares, you’ll need to meet the following criteria:

  • At least a 640 personal credit score
  • At least one year on business, in some cases six months
  • At least a $25,000 annual revenue
  • US citizen

What information do I need to apply?

Have the following information and documents ready to speed up the application process:

  • Your Social Security number
  • Employer identification number
  • Total outstanding business debts
  • Six most recent business bank statements
  • Most recent personal and business federal tax returns
  • Profit and loss statements and balance sheets

What industries does StreetShares work with?

StreetShares doesn’t disclose any ineligible industries. But you might have a hard time qualifying if your business is in and industry that lenders typically consider risky, like gambling, adult entertainment or cannabis.

What types of financing does StreetShares offer?

StreetShares works with banks to fund the following programs, which all generally come with the same rates and terms.

Term loan

StreetShares offers both secured and unsecured term loans to cover a one-time business expense — from improvements to covering overhead costs. Secured loans are easier to qualify for, but they require collateral. These come with fixed weekly repayments, which StreetShares automatically deducts from your business bank account.

Patriot Express line of credit

This line of credit of starts a little higher than its other loans at $5,000 and was created as an alternative to the discontinued SBA Patriot Express loan program. Once you approve and accept your loan, you can access funds from your line of credit when you need it.

Like with the term loan StreetShares takes fixed weekly repayments directly from your bank account once you draw from the line. There are no fees for prepayments or undrawn amounts.

Contract financing

StreetShares also offers invoice factoring, which is an advance on unpaid invoices from federal, state and large commercial clients. The application is based on your clients’ creditworthiness, and once approved you’re required to upload a copy of your contracts to receive the advance. Your client pays StreetShares directly. After all orders are filled you’ll receive any remaining balance, minus the fee.

Must read: StreetShares Foundation

StreetShares has a foundation that offers business training and grants to veteran-run businesses. You can apply for a grant of up to $15,000 Veteran Small Business Award program, which are available annually. Applications for 2020 closed on April 16, but will likely open again for 2021.

Pros and cons

Working with StreetShares has several benefits, but they might be outweighed by the drawbacks in some cases.


  • Check your rate with a soft credit check
  • Offers a Patriot Express line of credit alternative
  • Might match or beat an eligible offer from another lender
  • Accepts fair credit


  • Rates and fees can be high compared to the competition
  • Relatively low maximum loan amount
  • Doesn’t clear display loan costs on website

See other business loan options

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 4.7 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $6,000,000
Starting at 5.99%
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Compare up to 4 providers

Is StreetShares legit?

Yes, StreetShares is safe to work with. It uses industry-standard security features to protect the information you enter through its website, such as SSL encryption. It also suggests steps that borrowers can take to protect their information, like not sharing their StreetShares credentials with others, and tips for creating a secured password.

StreetShares reviews and complaints

BBB accredited Yes
BBB rating A
BBB customer reviews 3.1 out of 5 stars, based on 7 customer reviews
BBB customer complaints 2 customer complaints
Trustpilot Score 3.4 out of 5 stars, based on 167 customer reviews
Customer reviews verified as of 12 October 2020

The most recent reviews of StreetShares are mixed. Many complaints concern StreetShares’ high rates and that customer service was lackluster. But positive reviews are pleased with the quick process — although most of its Trustpilot reviews were left before 2020.

How do I apply?

  1. Go to the StreetShares website.
  2. Enter the amount you want to apply for and select Qualify now.
  3. Enter your name, email address and choose a password, then select Continue.
  4. Enter information about your business including its name, type, the date it was established, phone number, website, type of entity, annual revenue, age, number of full-time employees and the state it’s located.
  5. Enter personal information including your contact info, date of birth, the last four digits of your Social Security number, if you’re a veteran or military spouse, household income, percent of the business owned and an estimate of your personal credit.
  6. Select the amount and term you want to request and click Qualify now.
  7. Following prequalification, review the information given and submit the request.
  8. Provide requested information and submit your application.

What happens after I apply?

Follow the directions to submit any documents and additional information to complete your application. After, StreetShares will send you an offer, which you can read, sign and submit in order to receive your funds.

How do repayments work with StreetShares?

StreetShares loans come with weekly repayments, which it deducts automatically from the account that your loan was deposited in. If you don’t have the funds to cover a payment, you’re on the hook for a $10 fee, that reoccurs every seven days you fail to pay.

Watch your loan and bank account balance, and if you notice anything off, reach out to StreetShares customer service team by calling 800-560-1435.

See how StreetShares compares to other lenders by reading our guide to business loans.

Frequently asked questions

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

Review by

Rhys Subitch is the loans editor at Finder, guiding Americans toward smart borrowing decisions. With over half a decade of experience researching, editing and writing for a Fortune 500 company, university and several independent publications, Rhys brings readers the most up-to-date and curated info in the lending sphere. They make frequent appearances on Finder's YouTube channel to talk through loan topics that range from the very basics to the latest government assistance programs. Before specializing in lending, Rhys was a personal finance writer for Finder’s credit cards, insurance, banking and mortgage verticals. They hold a BA in sociology and a certificate in editing from the University of Washington, Seattle.

Expert review

StreetShares is a peer-to-peer lender that offers a wide range of financing in addition to loans and lines of credit. It specializes in funding veteran-owned businesses, though you don’t need to be a veteran to qualify. But veterans can use its resources to apply for a grant, access free training or connect with a mentor.

Its rates and fees can be high, especially if you just meet Street Share’s minimum requirements. Its loan amounts might also not be high enough to fund some small business needs — and its weekly payment structure might not fit your business’s cash flow.

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