StreetShares And FedBid Partner To Help America's Business Owners

WASHINGTON, Oct. 6, 2015 /PRNewswire/ -- StreetShares, the new peer-to-peer (P2P) marketplace for small business loans, and FedBid, the established online marketplace that optimizes how buyers and sellers obtain goods and services, have formed an exclusive partnership.

The goal of the partnership is to provide America's small businesses with the education, resources, and funding needed to compete for and win supplier contracts from federal government agencies and large corporate buyers.

FedBid's online marketplace connects small business sellers with government and commercial contracting opportunities. In 2014, 86 percent of contracts made through FedBid by government and commercial buyers went to small businesses, totaling more than $1.2 billion.

StreetShares is transforming the way a new generation of small business owners receive funding. StreetShares connects small business owners with a pool of investors, banks, and institutions, which compete through a unique auction to fund the business. The lowest funding bids are combined into a single loan, giving the borrower the best possible loan terms. 

"This partnership with FedBid is truly a perfect match. As business owners use FedBid to find contracting opportunities, StreetShares will come alongside them to ensure they have access to fast and fair funding to pursue these new efforts," said Mark Rockefeller, CEO of StreetShares.

FedBid CEO Joe Jordan agreed. "We are excited about this partnership with StreetShares because we know many of the small business sellers competing in the FedBid marketplace are looking for smart financing solutions as they bid and are awarded contracts. StreetShares' innovative approach to helping small businesses secure funding is another opportunity to help sellers get the resources they need to effectively compete and win, as well as grow and create good-paying jobs."

Under the partnership, resources for small business owners will be provided through FedBid's Seller Resource Center, which launches today with StreetShares as the exclusive small business funding partner.

StreetShares is an innovative small business lending marketplace that connects small business owners with qualified retail and institutional investors. Investors compete in an online auction to fund portions of the requested loan, and StreetShares combines the lowest bids into a single loan. StreetShares blends peer-to-peer lending with traditional banking. While open to all small business owners, StreetShares is veteran-owned and has a particular focus on providing veteran business loans. You can learn more at streetshares.com.

FedBid's online marketplace is optimizing the way governments, businesses and educational institutions buy the goods and services they need, while creating greater access to contracting opportunities for small business sellers.  Visit http://www.fedbid.com to learn more.

CONTACT
David Bann, PR & Business Development
[email protected] 
(571) 325-2966

Jonathan Swain, Communications & Marketing
[email protected] 
(703) 839-7009

SOURCE StreetShares, Inc.

Related Links

http://www.streetshares.com