VelocitySBA recently approved the acquisition of a new crane and refinance of two existing cranes for $820,000.
VelocitySBA (formerly Crossroads Small Business Solutions) is one of fourteen licensed Small Business Lending Companies approved by the United States Small Business Administration to provide financing solutions for businesses nationwide. Its dedicated team of highly experienced lending professionals understand the specific needs of business owners and their unique capital requirements. Unlike traditional banks, VelocitySBA's focused approach to business lending quickly delivers the custom tailored solutions that today’s business community needs to succeed.
Check Out Some Recent Approvals!
Crane Refinance and Acquisition ($820,000)
Transportation Truck Financing ($230,000)
VelocitySBA recently approved the acquisition of a new custom Freightliner for $230,000.
Debt Refinance & Working Capital for Post Production Studio ($330,000)
Debt consolidation for a movie/music studio that was setup 2 years ago. Provided additional working capital to support business growth.
Franchise Motel Purchase ($2,998,500)
Purchase of 127 unit limited service hotel in AZ for borrower declined by his bank. Borrower injected 10% with 10% seller carry and VelocitySBA provided 80% financing.
Specialty Automotive Business ($463,500)
Financed purchase of a business and working capital to the borrower with industry experience with only 10% down.
Restaurant Property Purchase ($545,000)
Assisted a 35-year family business to acquire the real estate. The borrower was declined by their bank. VelocitySBA provided 85% financing and closed the transaction in 45 days.
Debt Refinance & Working Capital ($2,219,000)
Conversion of short-term bridge loan to a 25 year fully amortized loan. Additional working capital provided to support business growth.
Capital for New Product Line ($3,815,000)
Financing provided to 30+ year business to refinance existing real estate debt, purchase equipment and working capital for a new product line.
Business Expansion ($238,000)
2nd location setup for an experienced operator. Less than 2 years since the opening of 1st location.