StreetShares And RallyPoint Partner To Promote Veteran Entrepreneurship

WASHINGTON and BOSTON, Oct. 21, 2015 /PRNewswire/ -- StreetShares, the veteran-run, small business lending marketplace, and RallyPoint, the nation's largest military social network, today announced an exclusive partnership to promote veteran business ownership. The two rapidly growing companies are teaming up to use their respective resources to reach more military members, veterans, and supporters of veteran entrepreneurship. 

StreetShares is dedicated to funding the "next great generation" of veteran business owners. RallyPoint provides military members and veterans with a professional network to explore career opportunities and connect professionally.

StreetShares will create a unique RallyPoint community within StreetShares where veteran entrepreneurs will obtain backing for business loans from their fellow veterans and military supporters. StreetShares uses a unique funding model in which investors compete to back loans to small business owners. This competition ensures borrowers obtain loans at the lowest interest rate.

StreetShares and RallyPoint will also work together to provide valuable business resources and education across their respective platforms.

General George Casey, former Chief of Staff of the Army and board of advisors member for both StreetShares and RallyPoint, praised the strategic partnership, "Bringing together RallyPoint's extensive network of military members and veterans with StreetShares' coalition of veteran entrepreneurs and investors is a great step forward in fueling the next great generation of veteran entrepreneurs." 

StreetShares is an affinity-based small business lending marketplace that connects small business owners with qualified retail and institutional investors. Investors compete in an online auction to fund portions of the requested loan, and StreetShares combines the lowest bids into a single loan. StreetShares blends peer-to-peer lending with traditional banking. While open to all small business owners, StreetShares is veteran-owned and has a particular focus on providing veteran business loans. You can learn more at streetshares.com.

RallyPoint is the premier online community where military members and veterans come together, mentor, and discuss military life. With more than 1,000,000 members including 15 percent of the U.S. military, the community empowers its members to connect with others like them, create advancement opportunity through shared experience, and contribute knowledge that can benefit all aspects of military life and beyond. Visit www.RallyPoint.com to learn more.

STREETSHARES CONTACT
David Bann, PR & Business Development
publicrelations@streetshares.com
(571) 325-2966

RALLYPOINT CONTACT
Elizabeth Malkin, Business Development Manager
elizabeth@rallypoint.com
(617) 580-3092

SOURCE StreetShares