StreetShares

Financial Operations and Advisory
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168 reviews
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Customer Reviews about

StreetShares

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Valued Customer

5.00/5.00

"Mo Kanafseh is the consumate…"

Mo Kanafseh is the consumate professional. He does what he says he will do. that is truly phenominal in a world where people wont give you the time of day. There isnt enough accolades to give Mo for his compassionate nature and unequivoca lcompassion in getting the job done.

27/10/2019

David Goodell

1.00/5.00

"Helps Veterans? Not this one."

This company alleges they help veterans. Not this one. My company has some debt issues that was hoping Streetshares could help solve. Apparently not so much with these guys. After submitting everything they asked for, they declined our company with one reason only and I quote "Your business cashflows do not support additional debt." Obviously. We aren't looking for additional capital or debt. We were looking to refinance our existing MCA's to free up cash flow. They were not willing to help this veteran owned and operated business with $1.2 million is annual revenue. But according to their site, there is no impact on credit. Yet in fact, that's precisely what their denial letter said was the source of their decision! Then they contradicted themselves in the very reason for denial below. They said it played no part in their decision, yet in next paragraph, said it was. This was what they put in their denial letter:

The consumer reporting agency or agencies contacted that provided information that influenced our decision in
whole or in part was:
Equifax Information Services
LLC PO Box 740241
Atlanta, Georgia,
30374-0241
1-800-685-1111

The reporting agency played no part in our decision and is unable to supply specific reasons why we have denied credit to you. You have a right under the Fair Credit Reporting Act to know the information contained in your credit file at the consumer reporting agency. You also have a right to a free copy of your report from the relevant reporting agency, if you request it no later than 60 days after you receive this notice. In addition, if you find that any information contained in the report you receive is inaccurate or incomplete, you have the right to dispute the matter with the reporting agency. Any questions regarding such information should be directed to the reporting agency listed above.

We also obtained your credit score from this same consumer reporting agency and used it in making our credit decision. Your credit score is a number that reflects the information in your credit report. Your credit score can change, depending on how the information in your credit report changes.

Well, guess they let this veteran down. Not even a suggestion or referral. Fellow Veterans, don't pin your hopes on this "Veteran Owned" company to help you out of a jam. What a joke. I'll pass it on to the fellow vets in my area as I'm next to Fort Stewart. Pass on Streetshares. Look elsewhere.

David Goodell
CPT, SC (retired)
4 combat deployments
Veteran

27/10/2019

Richard F

1.00/5.00

"The whole experience with Street Shares…Horrific Experience"

The whole experience with Street Shares has been dismal. The sense of urgency and communication was extremely lacking. After getting an approval then the whole process fell apart. False promises and the whole platform is flawed and the company seems to only draw/attract business owners/clients by touting veteran owned. Deeply disappointing process and we are only writing this review after multiple failed attempts to escalate to management our concerns. We are still waiting to hear back from the principal partner/owner/GM without success. Potential borrowers beware of this company and try other options and get other quotes there is plenty of competitors that will take care of businesses with a solid history like ours and others.

17/09/2019

Mark Burginger

5.00/5.00

"Veteran Owned Toy Company - Qubits Toy, Inc."

Our family is the proud owner of a construction toy company that is gaining in importance every year. As a USAF veteran, I found out about Street Shares via the internet. They allowed me to secure a business loan when the banks for the most ignored my requests. Now several years later I have an increased credit line that allows us to fund our production cycles of plastic toy parts. All 100% Made in the USA. Thank you Street Shares!

19/08/2019

Paul Hanley

5.00/5.00

"An Investor-only Review"

This is a review of StreetShares only as an investor (me), not a borrower.

I have had money invested with StreetShares now for almost a year. The 5% return on their 3-year notes is hard to beat. Plus, starting around May/June 2019 you can now reinvest your interest in new bonds (to capture the compounding effect of the interest). Just keep in mind that your accumulated interest must be at least $25 in order to reinvest, since new bond/note purchases have a $25 minimum. Depending on how much principal you have in your account, it may take a longer or shorter time for your interest to hit the $25 reinvestment threshold.

StreetShares has been a WONDERFUL investment vehicle for diversifying our portfolio with a healthy interest rate, which is about as good as bonds get but without the interest rate risk. I am using my account for (among other things) building up my daughters' college fund by supplementing their 529 plans.

If you will need your money on a timescale of five years or less, the stability of the current 5% return is a fantastic option to have. We even opened a second StreetShares account in my wife's name so that we have two time periods of the year when we can withdraw funds without the 1% fee which is levied on money drawn outside of the two-week anniversary grace period given to each account.

Mel in Investor Relations is very responsive and attentive in handling any questions or issues I have. Thanks all around to the StreetShares team!

21/07/2019

Phillip Wofford

5.00/5.00

"StreetShares is straight forward and…"

StreetShares is straight forward and understandable. We believe they will be a great partner for us as we have already used our line a couple of times.

31/05/2019

Nicole Reese

5.00/5.00

"Nick was such a pleasure to work with"

Nick was such a pleasure to work with. Made the process very easy for us! Very happy with the choice we made. Thank you!!

22/05/2019

Randa O'Connor

5.00/5.00

"I shopped around for several weeks…"

I shopped around for several weeks before deciding to use Street Shares for a Line of Credit that my firm needed for hiring more team members. My experience has been nothing short of stellar. They have been quick to respond, we got approved and had our money in 2 days. It was a painless process and I highly recommend them!
Randa O'Connor
CEO

21/05/2019

Madelinne Rodriguez

5.00/5.00

"So far so good"

So far so good. No complaints here

21/05/2019

Joe Schumacker

5.00/5.00

"Respect"

The respect StreetShares shows to veterans is greatly appreciated. StreetShares is the best firm I have worked with relative to obtaining and servicing a business line of credit. The staff is knowledgeable, capable and friendly. Borrowing money is never a pleasant endeavor but the StreetShares process is seamless, prompt and fair.

20/05/2019
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