Financing military veteran-owned small businesses lender StreetShares announced on Tuesday it has relocated its Virginia headquarters in order to accommodate the growth of its team. The lending platform’s headquarters will now be located at 1900 Campus Commons Drive #200 in Reston, Virginia.
Founded in 2013, StreetShares describes itself as America’s social financial community specifically for veterans, active duty military, their families, and supporters. The lender providers financial products, such as the following:
- Customized small business loans
- Lines of credit for working capital
- Government contract financing
- Mobilization and receivable financing
- High-yield investments
- Veteran community retail investment products
StreetShares reported that from January 2018 to August 2018, it doubled the size of its workforce and additional hires are planned. The lender reported that it is expanding its footprint by more than four times, to more than 10,300 square feet at its new location. StreetShares CEO, Mark L. Rockefeller, stated that the new office reflects the company’s “characteristic open fintech culture, which apparently means no cubicles or offices allowed.
“Standing desks, teams working together in pods, as well as glass, metal, and exposed concrete reflect a technology startup. And vintage World War II posters and an enormous American flag remind our team of the special members we serve.”
The opening of the new office comes just a little over six months after StreetShares raised a $23 million Series B equity round, which was led by Rotunda Capital Partners, LLC, with participation from existing investors, including veteran-focused venture firm, Stony Lonesome Group. Rockefeller revealed at the time:
“StreetShares uses technology to serve the business funding and alternative investment needs of America’s heroes and their communities. This injection of capital allows us to continue to provide red-carpet treatment to our very special members— the veteran entrepreneurs, small business owners, government contractors, and impact investors—that make up our country’s next ‘Greatest Generation.'”
