WASHINGTON, April 7, 2015 /PRNewswire/ -- StreetShares, the peer-to-peer (P2P) lending marketplace for small business loans, today announced the launch of the StreetShares Commander's Call Veteran Business Award. The monthly award of $5,000 is presented to a veteran or military spouse-owned business with strong growth potential as decided by a panel led by StreetShares advisor and former U.S. Army Chief of Staff, General George Casey.
Veteran business owners wishing to participate in the Commander's Call Veteran Business Award must apply for pre-approval for a StreetShares business loan. All award entries are judged based on the market need the business fulfills, the competitiveness of the product or service, and the potential for mass appeal.
This award is a testament to StreetShares' commitment to supporting veteran and military spouse business owners. StreetShares recently secured more than $200 million in funding to back loans for veteran-owned small businesses on the StreetShares marketplace. StreetShares also formed the nation's largest coalition of veteran-focused organizations. Its exclusive partners serve a collective membership of more than two million U.S. military veterans.
"Entrepreneurship is about creating financial freedom," StreetShares CEO Mark L. Rockefeller said (@MarkRockefeller). "We created this award because we want to fund and empower the next great generation of veteran business owners."
March's Commander's Call Award winner, selected by StreetShares, was Major Mom®, a veteran-owned professional organizing company in Colorado.
"This award is the exact amount I needed to execute a contract," Major Mom Founder and CEO, Angela Cody-Rouget, said. "I am humbled by StreetShares' generosity to veterans. I consider this award a godsend and a sign that I am on the right track."
A new winner will be chosen every month by a panel led by General Casey and will receive $5,000 to grow his or her business – no strings attached. Entries are counted in the month a loan application is received.
StreetShares is an affinity-based, peer to peer (P2P) 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 blends the lowest bids into a single loan. StreetShares membership is open to all small business owners. StreetShares is located outside of Washington, D.C.
Laura Walton, Media
SOURCE StreetShares, Inc.