StreetShares announced the appointment of Raj Date to their Board of Advisors. StreetShares is an affinity-based 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.
"With banks struggling to make small business loans, entrepreneurs and small business owners are left to rely on expensive alternatives," Mr. Date said. "The StreetShares team has developed an innovative social-auction lending model that sets them apart from other lenders."
See the Full Press Release