USAA is now collaborating with StreetShares Inc, to pilot small business financing for our members (learn more). StreetShares is a veteran-owned company, specializing in financial products focused on the military and veteran market. USAA’s mission is to facilitate the financial security of its members.
One way we fulfill that mission is through innovating to serve unmet member needs. With over a million members who own small businesses, we decided to test a new solution to help support and grow their ventures.
This pilot will run for a total of 6 months beginning on Oct 1, 2018. Once the pilot is complete, we’ll use your feedback to learn how to make the experience better and determine next steps. We encourage you to share this information with your partners and learn more by visiting usaa.com/managebusiness.
You can also view our pilot announcement here: Calling Small Business Owners!
StreetShares™ is a veteran-founded, run and financed company that offers a suite of specialty finance products, including business loans and lines of credit. These loans are accessible to small businesses with a minimum of one year in operation and $25,000 in annual revenue.
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.* USAA is pleased to be able to test a new offering to enhance our existing support of member-owned businesses through this collaboration with StreetShares Inc.
The USAA family of companies provides insurance, banking, investments, retirement products and advice to more than 12.4 million current and former members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
*SBA report “Veteran-Owned Businesses and Their Owners”