Velocity Group USA Announces $100 Million Equity Facility
Melville, NY – June 13, 2019
Velocity Group USA, based in Melville, New York, announces that in addition to its current facilities, it has obtained up to a $100 million equity facility from an international multi-family office.
The new equity facility will allow Velocity Group USA to fund a greater number of merchants and to explore new financing opportunities. Velocity Group
USA uses a proprietary software platform whereby it can provide merchant advance approvals in under an hour. Velocity Group USA has an approval rate of 46%. Founded in 2017, Velocity Group USA is 100% focused on providing financial support for their clients’ businesses. In 2018 Velocity Group USA increased staff by over 400% to over 50 employees, moved to a new class A 11,000 sq. ft. office and since inception has funded over $60 million, to over 1,000 US business owners. The company is experiencing continued exponential growth in 2019.
Velocity Group USA is ready, willing and able to help the small business merchants not only sustain but thrive in today’s uncertain economy.
To learn more, visit www.velocitygroupusa.com or contact
Organization: Velocity Group USA
Address: 290 Broadhollow Rd, Melville, NY, 11747