StreetShares, Eastern Foundry team up to help contractor startups find financing

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Reston-based crowdfunding company StreetShares and Arlington-based government contractor incubator Eastern Foundry are teaming up to offer contractors a new way to finance their businesses. Government contractors often struggle to get financing, especially when they need to staff up after winning a big contract. StreetShares is now offering up to $500,000 in contract financing — essentially a loan in advance of a federal agency’s payments on a contract, as well as lines of credit and term loans...

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