SBA lender · 7(a) program
VelocitySBA, LLC
VelocitySBA, LLC has approved 6,052 SBA loans worth $1.05B since FY2010 - the #100 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#100
0.21% of all SBA dollars
Total approved
$1.05B
FY2010 onward
Loans
6,052
Median loan
$10,000
-94% vs national
Median rate
7.75%
+1.00 pts vs national
Charge-off rate
20.6%
4,984 resolved FY10-19 loans
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What VelocitySBA, LLC’s numbers say
VelocitySBA, LLC sits solidly inside the SBA lending field, having approved 6,052 loans for a gross total of $1.05B since fiscal 2010. Its median loan of $10,000 is well below the $180,000 national median, typical of a lender leaning on SBA Express and smaller working-capital facilities.
The median initial note rate across its 7(a) approvals is 7.75%, 1.00 points above the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 20.6% were charged off, 13.0 points above the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 2% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally - a book weighted toward established operators.
Where VelocitySBA, LLC lends
| State | Loans | Share |
|---|---|---|
| California | 974 | |
| Texas | 482 | |
| Florida | 462 | |
| North Carolina | 404 | |
| Tennessee | 366 | |
| Illinois | 244 | |
| Georgia | 210 | |
| Arizona | 192 |
What it lends against
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Questions about VelocitySBA, LLC
- How many SBA loans has VelocitySBA, LLC approved?
- VelocitySBA, LLC has approved 6,052 SBA loans totalling $1,054,624,100 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #100 among all SBA lenders by dollars approved.
- What is the typical VelocitySBA, LLC SBA loan size?
- The median gross approval is $10,000, with the middle 80% of loans falling between $5,000 and $527,000. The national median across all SBA lenders is $180,000.
- What interest rate does VelocitySBA, LLC charge on SBA 7(a) loans?
- The median initial note rate on VelocitySBA, LLC's 7(a) approvals is 7.75%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is VelocitySBA, LLC's SBA loan charge-off rate?
- 20.6% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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