Last Updated: 06/21/2025
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Highlights
Amount Range
$2,000 - $100,000
APR (Fixed APR)
6% - 20%(Verified 06/21/2024)
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Loan Term (Months)
3 - 36
StreetShares Business Loans Review
StreetShares is a business financing offering by StreetShares, based in Reston, VA. Founded in 2013, StreetShares offers access to small business loans in 50 states (and Washington, DC).
StreetShares FAQ
What are StreetShares rates?
StreetShares offers a fixed APR business financing product that ranges from 6% APR up to 20% APR.
Does StreetShares charge an origination fee?
Yes, StreetShares charges a loan origination fee of 3.95% to 4.95% of the business loan amount . StreetShares deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
Does StreetShares charge a late fee?
Yes, StreetShares charges borrowers with a late payment fee of up to $10 .Does StreetShares charge prepayment fees?
No, StreetShares does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.
How much can you borrow from StreetShares?
Business loan amounts start at $2,000 and go up to $100,000.
What is the maximum business loan term you can get with StreetShares?
StreetShares offers small business loans with terms ranging from 3 to 36 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for StreetShares Business Loans?
StreetShares Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $100,000 to be considered.
Applicants with a credit score of at least 640 and up to 850 may be eligible for StreetShares Business Loans. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by StreetShares Business Loans.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
What is the estimated funding time for a business loan via StreetShares?
StreetShares can fund small business loans within 5 business days.
Does StreetShares Business Loans report your account activity to credit bureaus?
Yes, StreetShares Business Loans reports to the following credit bureaus:
- Equifax
- Experian
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does StreetShares perform a hard credit pull?
Yes, StreetShares performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Other Services by StreetShares
Business Lines of Credit
Rating not yet determined (1 Review)
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
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StreetShares Business Loans Community Reviews
Would you recommend StreetShares Business Loans to your friends?
U
Anonymous
Apr 4, 2019
Would Recommend
StreetShares is a great company that supports American veterans.
Showing 1 of 1 reviews
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