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StreetShares to Launch Credit Card for Veteran-Owned Businesses

Business credit cards are big business. That’s why military veteran-focused small business lending platform StreetShares is broadening its focus with the launch of credit cards for military veteran business owners.

StreetShares will market the credit card to the 2.5 million veteran-owned small businesses in the U.S., a niche population the Virginia-based company considers to be underserved. StreetShares anticipates that adding a credit card to their suite of offerings will provide a tool for business owners to finance and pay for everyday expenses.

“Veterans will use their card to do good while doing well,” said Mark Rockefeller, CEO and Co-Founder of StreetShares and an Iraq War Veteran. “Our mission is to be the trusted financial solution for America’s heroes and their communities, and this offering will help us achieve that.”

A portion of the proceeds from every card will support training and educational programs for military veterans and military spouse entrepreneurs. The company expects to make the card available in the second quarter of this year.

Founded in 2013, StreetShares began leveraging Title IV (Regulation A+) of the JOBS act in 2017 to allow unaccredited investors to lend to small businesses. It is now one of only a handful of P2P lending platforms open to unaccredited investors.

At FinovateEurope 2015, StreetShares CEO and Co-founder Mark Rockefeller and COO and Co-founder Mickey Konson showcased the StreetShares platform. Last fall, USAA announced it would use StreetShares to pilot a small business lending program for military veterans.