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StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

Topics

Shauna Vo Pulayya, Director of Content Marketing

Recent Posts

Highlighting Our Heroes: Featuring Veteran Business Influencers

During Armed Forces Day, we honor everyone serving in all branches of the United States military. President Harry S. Truman led the effort to establish this holiday and in 1961, John F. Kennedy declared Armed Forces Day a national holiday that is celebrated on the third Saturday of May.

“Our Servicemen and women are serving throughout the world as guardians of peace–many of them away from their homes, their friends and their families. They are visible evidence of our determination to meet any threat to the peace with measured strength and high resolve. They are also evidence of a harsh but inescapable truth–that the survival of freedom requires great cost and commitment, and great personal sacrifice.”

– President John F. Kennedy, 1963

With Memorial Day approaching, we continue to ‘Highlight Our Heroes’ and StreetShares members, veteran business owners and investors with iHeart Media as we feature veterans from each military branch. Tune in to BIG 100 in the Washington, DC metro region each day this week a 5:00pm Eastern or stream online at iheartmedia.com to hear their stories. 

Subscribe to the StreetShares blog to be the first to know who is featured each week at highlightingourheroes.com.

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Highlighting Our Heroes: Featuring Veteran Business Owners, Investors

Last week we celebrated National Military Spouse Appreciation Day and recognized 10 influential military spouse business owners. We’re continuing to honor military members this week during National Military Appreciation Month through our joint campaign with iHeart Media, Highlighting Our Heroes.

Our heroes this week include members from all branches of service including military spouses who have also sacrificed for our country. StreetShares members include veteran small business owners who have taken a veteran business loan, line of credit or received government contract financing, or every day investors in the U.S. who are supporting these veteran small businesses with their investments.

Tune in to BIG 100 in the Washington, DC metro region each day this week a 5:00pm Eastern or stream online at iheartmedia.com to hear their stories. Subscribe to the StreetShares blog to be the first to know who is featured each week at highlightingourheroes.com.

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May 2017 Finalists: Military Spouse Business Owners

In honor of the upcoming Military Spouse Appreciation Day on May 12, the StreetShares Foundation is dedicating its Veteran Small Business Award to Military Spouse business owners.

Military Spouses give a lot to our country by supporting their spouses while they serve locally or overseas. Military families may receive several Permanent Change of Station (PCS) orders over the lifetime of a military career. And military spouses are the backbones of those families. They’re the ones who are keeping the home and family running. This may be through caring for children, building their careers or starting small businesses.

The StreetShares Foundation recognizes Military Spouse business owners by including exclusively Military Spouse business owners in this month’s contest. Check out these amazing businesses and be sure to vote this month. Voting closes at midnight on May 25.

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April 2017 Veteran Business Grants Given to Veteran Business Owners

As we kick off National Military Appreciation Month the StreetShares Foundation is proud to announce the winners of the April Veteran Small Business Awards. These winners and veteran small business owners have a common business mission – to help veterans build their lives after leaving the military, whether it’s through a new therapy or working on an inspiring new idea. As veteran entrepreneurs, they’ve leveraged the veteran business community to help grow their small businesses through programs like the Bunker Labs, Entrepreneurship Bootcamp for Veterans (EBV) and through veteran business grants from the StreetShares Foundation. Without further ado, we are proud to announce this month’s winners:

First Place: Kendra Simpkins, Army Veteran, Owner/Clinical Practitioner at Sarasota Rapid Resolution Therapy (Sarasota, Florida)

Second Place: Eddy Mejia, Army Veteran, Founder/CEO of ShoeBoxOne (Chicago, Illinois)

Third Place: Maria Mayes, Army Veteran, Founder, Managing Partner at Morgan Veteran Recruiting Group (Tulsa, Oklahoma) 

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Highlighting Our Heroes: Military Spouse & Veteran Small Business Owners

It's week two of National Military Appreciation Month. This week is Public Service Recognition Week (PRSW) and today is Victory Day in Europe. Seventy-two years ago today, the world celebrated Victory in Europe Day as the Allies accepted the unconditional surrender of Nazi Germany. The veterans of World War II served their country both in uniform and as civilian leaders; 49 percent of veterans in this Greatest Generation would go on own to operate their own small business.

StreetShares works every day to power a "New Greatest Generation" taking on the challenge of leadership — Syracuse University reports that 25 percent of Iraq and Afghanistan veterans plan to start their own business in the next 10 years.

Let’s highlight five of the "New Greatest Generation" veterans and military community members in our ‘Highlighting Our Heroes’ joint campaign with iHeart Media. Tune in to BIG 100 in the Washington, DC metro region each day this week a 5:00pm Eastern or stream online at iheartmedia.com to hear their stories. Subscribe to the StreetShares blog to be the first to know who is featured each week at highlightingourheroes.com.

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Small Business Impact on the U.S. Economy & How Business Funding Helps

Do you realize how much our big economy relies on small business? As we celebrate National Small Business Week, let’s take a look at exactly how much small businesses impact the U.S. economy and more specifically how StreetShares small business owners and veteran business owners make an impact.

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Celebrating Small Business, Military Service and Veteran Entrepreneurs

It’s National Small Business Week and the beginning of National Military Appreciation Month! We’re honored to be associated with these two special celebrations and to get the Professional Services Innovator of the year award ourselves from the Greater Washington Innovation Awards.

At StreetShares, we recognize small businesses, military members and veterans every week as they are who we serve every day. The U.S. Small Business Administration has declared this week as National Small Business Week to highlight the impact of exceptional entrepreneurs and small business owners who fuel the U.S. economy by creating jobs and innovation. 

Senator John McCain designated May as National Military Appreciation Month. During this month, it’s encouraged for Americans to recognize U.S. service members. There are six national observance days to help everyone get involved.

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4 Secrets to Become a Successful Veteran Government Contractor

The U.S. Government constantly adjusts and grows as new needs arise with changes in technology and resources. As the nation's largest consumer, the government needs an army of contractors to support its massive consumption requirements. As a result, the benefits available through government contracts are abounding. Veteran contractors are perfect candidates to fill this growing landscape because of your previous employment by the government. You’ve also learned lessons, acquired tools, and made contacts from your military experience that could be valuable in the government contracting space.

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How to Read an OnDeck Loan Offer and Prepayment Discount Fine Print



Not everyone has enough time to apply for a traditional bank or a SBA business loan or can pass the stringent underwriting criteria. So, many veteran business owners turn to online lenders who make it quick and easy to get business funding. However, small business lending doesn’t have near as much regulation as mortgage or student lending. So, some lenders find ways to explain their terms that may be confusing to any small business owner. Understanding the terrain of business loan offers is a challenge and we want to help you discern the differences and the fine print.

A few weeks ago, we provided loan calculators that presented the true cost of capital for a Kabbage loan offer. Today, we’d like to do the same for an OnDeck business loan offer as well as help you understand their prepayment charges.

OnDeck Loan Offers

Annual Percentage Rate (APR) is the main number you’ll want to look at to understand the true cost of capital. The APR takes every fee into consideration, including the factor rate, interest rate and other fees, and calculates it into a complete annual calculation.

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Highlighting Our Heroes, Featuring StreetShares Members with iHeart Media

Honoring our veterans, active duty military service members and their families who support them is something we do every day at StreetShares. Now, together with iHeart Media, we’re ‘Highlighting Our Heroes’ through a campaign featuring 25 exceptional StreetShares members. We’ve partnered with iHeart Media to tell stories over the next few months of our members, including veteran and military spouse business owners, military members, veterans and families who support them.

As a veteran-owned and veteran-run company, we’re dedicated to serving veterans through our financial solutions such as veteran business loans, the Patriot Express* Line of Credit, and government contract financing.

“Veterans, military service members and their families sacrifice for our country. We’re honored and humbled to help share their stories through the ‘Highlighting Our Heroes’ campaign with iHeart Media,” said Mark Rockefeller, CEO and Co-Founder of StreetShares and Iraq war veteran. 

Tune in to BIG 100 in the Washington, DC metro region each weekday at 5:00pm EDT or stream online at iheartmedia.com to hear stories of our veterans, service members and military families. You can also subscribe to the StreetShares blog to be the first to know who we’re featuring or visit highlightingourheroes.com to see who's featured.

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