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StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

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Peter Somerville, Director of Investor Relations

Peter began his career as an infantry officer in the U.S. Marine Corps stationed in California. Following his service in Iraq, he held leadership roles with non-profits in Virginia and Texas, and went on to lead a political campaign in Arkansas. Peter earned his bachelor's degree from Yale University. Small business owners have been pillars of community leadership throughout Peter’s life. He enjoys his ability to support them now and hear their stories through his work with StreetShares. Peter's favorite American Main Street is Hennepin Avenue in Minneapolis, MN.

Recent Posts

Take the Road Less Traveled: 8 Awesome Reasons to Start Alternative Investing Today

You know that saving for retirement, education, and life’s big moments is more important than ever. If you’re considering making alternative investments a part of your savings plan, here are 8 great reasons you should get started today.

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Why is it so Hard for Small Businesses to Get Loans?

It’s been almost a decade since the financial crisis, yet small business lending has not recovered. Why is this the case? And why is getting a loan so difficult? To learn why, let’s look at two big factors that affect your chances of getting a business loan:

One: It's expensive for lenders to make small business loans

Lenders consider several factors associated with cost each time they decide whether to make a loan:

The Cost of Capital: Lenders need money to make loans for borrowers. For banks, funds are readily accessible. Banks typically offer savings and checking accounts with interest rates below one percent—this is the price they pay to have money available for loans. For other lenders, the money for loans comes from investors expecting a higher return on their investment.

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32 iPhone Apps to Run Your Small Business

The pace of small business has never been more relentless. The good news is that you have a whole toolbox in your pocket: your iPhone. Here are 32 apps I use every week in my work at StreetShares.

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