Administrator
Administrator
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USAA Community Small Business Loans Launch StreetShares.jpg

 

UPDATE: PILOT HAS ENDED

 

Did you know research by the Small Business Administration reported in 2017 that veteran-owned businesses employ over 5 million people and represent over 9.1 percent of all businesses in the United States*? We know that includes you! Members have been inquiring about business loans and business products from USAA for quite some time.

 

So, to better serve member’s needs, USAA is pleased to announce the launch of a limited time pilot offering in collaboration with Streetshares Inc, a veteran-founded, run and financed company. The pilot provides easy access to financing at reduced origination fees for member-owned small businesses that have a minimum of one year in operation and $25,000 in annual revenue. This pilot offering is available for a period of six months.  Those who have applied will not be impacted by the pilot duration.

 

Visit usaa.com/managebusiness to learn more and sign up.

 

Do you have your own business? How did you get started?

 

Related articles:

Building a Better Small Business Funding Experience

To learn more about USAA Labs visit: usaa.com/labs/innovate

 

*SBA report “Veteran-Owned Businesses and Their Owners”

 

Disclaimers:

All products and services related to small business loans are provided by StreetShares Inc, not USAA. For servicing, information, or support please contact StreetShares Inc.

Patriot Express Line of Credit is not affiliated with or guaranteed by the U.S. Small Business Association (SBA) or any government entity and is not a service on behalf of any government agency, department or bureau. StreetShares and this website are not affiliated with the SBA or any government agency

This is not an offer of credit and does not represent a commitment to provide financing. All business financing is subject to credit approval by StreetShares Inc.

USAA is not referring any StreetShares investment products. USAA Bank receives marketing fees in connection with this small business loan program

The trademarks, logos, and names of other companies, products, and services are the property of their respective owners.

Use of the term “member” or “membership” refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change.

StreetShares products are not available in the following locations: South Dakota, North Dakota, Rhode Island, Nevada, and US Territories.

USAA reserves the right to stop the pilot at any time without any impact to those who have already joined the pilot.

USAA means United Services Automobile Association and its affiliates.

 

 

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23 Comments
GovCon SB Lady
Occasional Visitor

This is awesome news!

 

When I started my business I immediately reached out to USAA for funding because of my longtime relationship with the bank. At that time there were no business banking products available. Sometime later I attended a small business program for veterans called Veterans Institute for Procurement. There, I was introduced to StreetShares. They were able to help me/my business immediately. For the first time, I had been awarded a contract that required me to hire my first full-time employee and I was faced with making payroll. Up until that point my contracts only required short term consultants and most of them agreed to be paid upon payment of invoices. I quickly learned that hiring employees doesn’t work that way. I found myself scrambling to find a funding solution. StreetShares offered immediate assistance by providing contract financing as well as a business line of credit.  This helped my business tremendously. It also gave me the support I needed to grow my business. I was struggling to make payroll with one employee and I wasn’t prepared to take on additional employees not knowing how I would pay them. 

 

Having StreetShares as a financial partner made it easier to grow. In one year we've grown to 3.5 employees and tripled our revenue with the help of StreetShares. They've been a great and valuable parter to my company and I look forward to growing with them. I highly recommend them for small veteran owned businesses looking for funding solutions. I also like the fact that they do a lot for the veteran and military spouse community. 

 

I look forward to seeing this partnership between USAA and StreetShares grow. It's definitely needed. 

teachandbuild
New Member

I'm going to throw in my vote for small business checking. Would love to give my business to USAA. Having said that, I do like the concept of StreetShares. It looks like a great program!

Administrator
Administrator

Dear @GovCon SB Lady

Thanks for sharing your experience with StreetShares, and congratulations on the business growth you have experienced!

 

@teachandbuild Thanks for your comment!