Velocity Capital Group

• Easy Online Application
• Minimal Business Requirements to Apply
• Low Credit Score Approvals
• Quick Approval Process
• Built-in Renewal Options
• Velocity+ Charity Fund
• ISO Relations

Easy Online Application

Velocity Capital Group features an application process that's more concise and streamlined than other funders. Businesses can access up to $1 Million dollars next day through VCG's seamless business advances. By asking for fewer financial documents and integrating the latest software, Velocity's underwriting team is able to process and respond to funding requests with industry-leading speeds.

To apply for funding with Velocity Capital Group you'll need to meet the company's business requirements.

Minimal Business Requirements to Apply 

Velocity Capital Group asks that businesses applying for funding meet the following business requirements:

• 500+ credit score
• Minimum 8 months in business
• Minimum 51% ownership
• Minimum $20k in monthly revenue
• Minimum $15k in funding requested
• Maximum three negative ledger days per month 

To apply for funding, the company must submit an online application and three months of bank statements. 

Low Credit Score Approvals

The company's underwriting team looks at all parts of the business information on the application to build a full picture of the business applying for funding. The team at Velocity Capital Group understands that creditworthiness doesn't tell the full story when it comes to a business's creditworthiness, so a 500 credit score is all that is needed for consideration. 

Quick Approval Process

Velocity Capital Group notifies applicants if the funding request has been approved within the hour and sends out terms for funding that the applicant can review. If approved by the applicant, the business will undergo additional screening before contracts for the funding amount are created.

Built-in Renewal Options

Not all financial companies offer repayment flexibility, but Velocity Capital Group makes this a viable option for its customers. After at least half of the predetermined advance sum has been paid off, Velocity Capital Group can provide additional capital by offering additional capital through another business advance with improved rates.

Velocity+ Charity Fund

Each month, Velocity chooses a charity to which 10 percent of proceeds are donated. Charities such as The Wounded Warrior Project, National Police Support Fund, Chai Lifeline, and New Isreal Fund have all been selected as recipients. Donation contribution is a mark of a good company in the business loan and general business industry.

ISO Relations

Velocity Capital Group continuously looks for new ISOs to join their network. The company provides ISOs with a seamless online onboarding process and monthly incentives through their monthly and surprise bonuses.

• Requires at Least Eight Months in Business
• Fee Information Unknown 

Requires at Least Eight Months in Business

Velocity Capital Group does not offer funding for start-ups. Businesses must have eight months' experience to be considered for a loan. 

Fee Information Unknown 

Velocity Capital Group’s website provides little information on the fees associated with its services. There are no APR rates or origination/closing fees mentioned. These fees are normal in the industry and customers should be aware of such fees when working with Velocity Capital Group.