VelocitySBA Named Coleman’s SBA Non-Bank Lender of the Year

February 4, 2025

Bob Coleman
Founder & Publisher

VelocitySBA Named Coleman’s SBA Non-Bank Lender of the Year

Last year, Velocity increased its SBA 7(a) loan volume by 65% to $149 million, ranking 33rd in the country.

One of the most impressive stats for VelocitySBA is the performance of its SBA 7(a) loan portfolio.

Over the last 6 years, the non-bank lender has generated over $600 million worth of SBA 7(a) loans and only charged off $1.8 million.

For the cohort of loans approved for the three year period of 2019-2021 this represents an excellent annual charge-off rate of 0.21%.

“VelocitySBA began with the goal of providing small business owners with access to much-needed capital through the SBA loan program. Not only did we create a company with a national lending footprint, but also a company that takes a common-sense approach to SBA lending. We didn’t stop there! With our primary goal of common sense lending, we also wanted to make the process fast and efficient. In order to do so, we’ve made large investments in state of the art lending technology and recruited the top SBA lending professionals in the industry.”

“VelocitySBA (VSBA) is a nationwide SBA lender. Our dedicated team of highly experienced lending professionals understands the specific needs of business owners and their unique capital requirements. Unlike traditional banks, our focused approach to business lending quickly delivers the custom-tailored solutions that today’s business community needs to succeed.”