J P
GBAlas, it is another experience to put in my rear view mirror with regret... I thought this would be a great online lender based on positive reviews. Instead I must warn other small businesses from considering this option. It sounds good, but the actual experience is exactly what other low rated reviews have been confirming... you will pay high upfront fees. Incredibly high interest rate. And no loyalty from the lender for performance and track record. I wanted to like this company, I really did, but alas it is another experience to put in my rear view mirror with regret. Go elsewhere for your lending needs. Do not allow this business to take advantage of your growing business and rope you in with false words.
John
GBGreat idea, needs polish two parts - online and in person The online experience was OK, but the website could have been more upfront and explanatory about how the auction worked, blended rates, etc. But the website/platform had some glitches that were wholly unnecessary. When I spoke to someone on the phone they explained an upgrade was coming, hopefully these are resolved now. But for something having to do with decent amounts of money, that never should have happened. in person - the first phone call i made to streetshares the person answering the phone interrupted me in the middle of my very first sentence to tell me they were transferring me to someone else. this is ridiculously poor customer service. otherwise the people in e-mail and on the phone were great - but that one very first impression was a very poor one.
Brian Simms
GBReturns down since removing selective investing... My returns have dropped significantly since you removed selective investing. If I am understanding my investing options correctly I have to invest in a broad selection of loans not just individual ones. You have too many questionable loans that will default - if someone isn't willing to provide their public name and info they are less likely to keep their word to pay off their loan.
Ian G.
GBGood service, but... In general I had a good experience with Streetshares. Their rates were better than most other lenders, though the origination fee they charge decreases that benefit. The application process was easy and I have found since signing up that making extra early payments is easy enough as well. My only negative was the representative that contacted me to set up my account ended up being overly pushy to sell the service. When I stated that I needed some time to compare and check out their history he still pushed to close the deal. I ended up having to hang up on him. I did the research I needed and StreetShares did end up being the best option, but the hard sell sales technique left me with a bad taste. I would have knocked them down to 3 stars, but in this culture where anything but 5-star is bad I couldn't ding them that much for one incident when all their other service has been good. I'm not sure if that selling tactic is company policy, but hopefully they recognize that business owners need their space to make decisions.
Mark Burginger
GBVeteran 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!