VelocitySBA, LLC: SBA Lending Record

VelocitySBA in SBA data

1,000 loans for FY2017 to FY2026 sit under VelocitySBA, LLC. At VelocitySBA, they add up to $1.07 billion in gross dollars approved. All 1,000 are SBA 7(a) loans, and VelocitySBA has 0 SBA 504 loans. VelocitySBA is recorded in Texas. The 1,000 figures are SBA's records of VelocitySBA holdings. Nothing in them shows what VelocitySBA requires. SBA, not VelocitySBA, guarantees them. Each of the 1,000 sits under its latest holder.

VelocitySBA: asset classes

VelocitySBA has 587 loans in no named class, so VelocitySBA class views cover part of 1,000. VelocitySBA: full-service restaurant leads, at 62; limited-service restaurant at 58, liquor store at 56. Last at VelocitySBA: hotel and motel at 36, coffee shop and snack bar at 32, then automotive mechanical repair at 27. Also at VelocitySBA: fitness center at 24; gas station and truck stop at 20, car wash at 17. Then at VelocitySBA: grocery store at 13, next child care center at 12; beauty salon at 12. The 587 unplaced loans are the largest block at VelocitySBA. Its class comparison of 1,000 rests on a minority.

VelocitySBA: geography

California heads the VelocitySBA state table at 337 loans, then Texas with 152 and Florida with 67. The VelocitySBA table continues through Colorado at 66, Illinois at 56, Arizona at 46, Georgia at 30, Wisconsin at 19, Oregon at 16 and North Carolina at 14, then smaller counts. For VelocitySBA, home state Texas shows 152 loans. The VelocitySBA spread shows whether the 1,000 holdings reach beyond Texas.

VelocitySBA: loan outcomes

Cancellation floor for VelocitySBA over FY2017 to FY2024 approvals: 7.2%, among 1,000. Our own rule withholds the VelocitySBA five-year figure. VelocitySBA's cohorts are too small. VelocitySBA ceiling: 7.2%, counting undisbursed loans as cancelled. VelocitySBA: floor and ceiling meet. Across 245 FY2017 to FY2021 disbursements, VelocitySBA has at least 4.5% charged off to date. At VelocitySBA, 4.5% is a floor. Open VelocitySBA loans can still be charged off.

VelocitySBA: using the figures

VelocitySBA figures form a map of holdings. 1,000 loans show where VelocitySBA stands as holder. The 7.2% cancellation floor shows how VelocitySBA approvals fared. It forecasts no VelocitySBA request. A VelocitySBA project has demand and cost. A VelocitySBA borrower should name which of the 1,000 loans look like it. Differences matter to VelocitySBA as much as likenesses. 1,000 loans, plainly told, let VelocitySBA judge the study. A floor of 7.2% at VelocitySBA describes the past, not the future.

VelocitySBA: study tests

Preparing a request to VelocitySBA? Read 1,000 loans as background for VelocitySBA. Full-service restaurant borrowers at VelocitySBA meet 62 loans, the closest comparison. VelocitySBA: the study tests sales per seat. VelocitySBA needs labour cost tested too. Show VelocitySBA coverage in a slow year too. VelocitySBA needs an appraisal that supports it. VelocitySBA offers just 587 unplaced loans for an unnamed type. VelocitySBA's study makes the case. VelocitySBA holds 337 loans in California. Elsewhere, VelocitySBA holdings need a reason. At VelocitySBA, a cancellation floor of 7.2% means approval is not funding. The VelocitySBA study should allow for delay.