If you’re a new small business owner requiring a loan to get your business off the ground and where it needs to be financially, but you haven’t accumulated collateral to borrow against in the event that your business suffers a downfall, you may find yourself in a situation where getting a small business loan without collateral seems nearly impossible.
Starting a business with no money and no collateral to secure a business loan can be tough. However, there are ways around getting a business loan without collateral by implementing the following tips. With so many lending options available for small businesses to grow and flourish, you can easily get your business on its feet.
In an ideal world, you’d be able to determine the exact average small business loan interest rate in order to scope whether a financial institution is taking you for a ride or being extremely generous. Unfortunately, there is no such thing as one specific average interest on a small business loan or even an average SBA loan interest rate due to many contributing factors.
Could you use additional funding to expand your business? Are you ready for a business loan? Are you intimidated by the application process or scared you won't get approved? If you've screamed "YES!" in your head to any of these questions, Lendability+ may be the perfect tool for you. Your Lendability Report takes the guesswork out of your loan decision by showing you how you look to lenders and assessing your readiness to take the plunge and apply for that loan.
1900 Campus Commons Drive
Suite 200
Reston, VA 20191
StreetShares operates in California under CFL License #60DBO 44064.
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All terms subject to approval. All information is for informational purposes only. Please see your StreetShares representative for more details. This does not constitute and offer to sell or the solicitation of an offer to buy any securities.
StreetShares, Inc. (the "Company") has qualified with the Securities and Exchange Commission ("SEC") for a Regulation A offering of StreetShares Notes, also known as "Veteran Business Bonds." The only offering to sell securities is found in the Company's Form 1-A and amendments and supplements thereto (collectively, the "Offering Statement"), which can be obtained from the SEC EDGAR filing website. No decision to invest in StreetShares Notes should be made without reading the Offering Statement. Neither the SEC nor any state securities regulator has passed upon or endorsed the merits of any investment decision in StreetShares. The Company does not give investment, legal, or tax advice. You are urged to consult your investment, legal, and tax professional before making any investment decision. Note: The default term for StreetShares Notes is 36 months, with the option for the Company to call, redeem, or prepay at any time. This offering is being conducted as a continuous offering pursuant to Rule 251(d)(3) of the Securities Act, meaning that while the offering of securities is continuous, sales of securities may happen sporadically over the term of the offering as we are able to process subscriptions. As a result, the active solicitation of investors, whether via the StreetShares platform or otherwise, may at times be briefly paused, or the ability to subscribe may be periodically restricted to certain individuals to allow the Company time to effectively and accurately process and settle subscriptions that have been received. Subject to SEC Rule 251(d)(2)(i)(C), non-accredited investors who are natural persons are limited to investing the greater of 10% of their annual income or net worth and non-accredited investors who are non-natural persons are limited to investing up to 10% of the greater of their net assets or revenues for the most recently completed fiscal year. Additionally, the Company's current per-person minimum investment amount is $25 and the maximum is $500,000 (subject to adjustment through the StreetShares Referral Program). The Company's minimum and maximum investment amounts are subject to change at the Company's discretion. StreetShares Notes are a non-deposit investment product. Not FDIC insured. No guarantee. May lose value. StreetShares authorizes bank accounts by using a third party vendor, Plaid. StreetShares does not capture or retain any Member's bank account login information, nor is any account login information transmitted to StreetShares in any way. By agreeing to use Plaid, you agree to their terms and conditions and privacy policy, which may not be the same as StreetShares' Member Agreement and Privacy Policy.