Lenders › VelocitySBA, LLC
7(a) lenderIrving, Texasnon-bank 7(a) lender60th of 2,184 by approvals
VelocitySBA, LLC
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
VelocitySBA, LLC, based in Irving, Texas, is a non-bank 7(a) lender in the SBA 7(a) program. SBA approved 642 of its 7(a) loans worth $692M in FY2021 to FY2025, which places it 60th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 193 approvals totalling $182M, up 27% on FY2024 (152). FY2026 to 30 Jun 2026 adds 133 more.
The median approval was $769K, against $190K for the 7(a) program as a whole; 1.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 41 states and territories and 224 counties, led by California (33.3%), Texas (15.1%) and Florida (7.3%). The largest industry group was retail trade at 18.1% of approvals, and 16.5% of approvals were to franchise businesses.
Of 5,186 disbursed loans approved in FY2010 to FY2021, SBA records 1,030 as charged off (19.9%), 4,066 as paid in full and 90 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 133 | $134M | $734K | $1.0M | 1,306 |
| FY2025 | 193 | $182M | $707K | $942K | 2,376 |
| FY2024 | 152 | $159M | $672K | $1.0M | 3,358 |
| FY2023 | 72 | $93.3M | $811K | $1.3M | 1,145 |
| FY2022 | 91 | $105M | $855K | $1.2M | 917 |
| FY2021 | 134 | $153M | $926K | $1.1M | 1,402 |
| FY2020 | 65 | $92.7M | $1.3M | $1.4M | 756 |
| FY2019 | 54 | $57.7M | $792K | $1.1M | 844 |
| FY2018 | 15 | $18.6M | $545K | $1.2M | 183 |
| FY2017 | 1 | — | — | — | 2 |
| FY2016 | 15 | $2.7M | $68K | $178K | 102 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 150 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 5,411 | 79,249 | 639,905 |
| Cancelled or never disbursed | 225 | 10,102 | 79,313 |
| Disbursed loans | 5,186 | 69,147 | 560,592 |
| Paid in full | 4,066 | 52,688 | 435,813 |
| Charged off | 1,030 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 90 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 19.9% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 3.5% | 1.5% | 2.5% |
| Dollars charged off | $12.4M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 120 | 69 | 5 | 4.2% | 2.8% |
| FY2020 | 58 | 38 | 0 | 0.0% | 4.0% |
| FY2019 | 51 | 30 | 3 | 5.9% | 6.7% |
| FY2018 | 15 | 8 | 3 | — | 7.9% |
| FY2017 | 1 | 1 | 0 | — | 7.7% |
| FY2016 | 14 | 12 | 1 | — | 7.2% |
| FY2015 | 16 | 14 | 2 | — | 6.9% |
| FY2014 | 63 | 59 | 4 | 6.3% | 6.4% |
| FY2013 | 205 | 177 | 28 | 13.7% | 6.0% |
| FY2012 | 183 | 154 | 29 | 15.8% | 6.3% |
| FY2011 | 1,361 | 1,106 | 255 | 18.7% | 6.9% |
| FY2010 | 3,099 | 2,398 | 700 | 22.6% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $769K | $190K |
| Average approval | $1.1M | $518K |
| Approvals of $150,000 or less | 1.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 16.5% | 34.3% |
| Approvals to franchise businesses | 16.5% | 11.5% |
| Jobs supported per approval, as reported | 14.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 19.9% | 6.6% |
States served
| # | State of the business (41 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 214 | $222M | 33.3% | |
| 2 | Texas | 97 | $140M | 15.1% | |
| 3 | Florida | 47 | $46.9M | 7.3% | |
| 4 | Illinois | 44 | $44.4M | 6.9% | |
| 5 | Colorado | 43 | $43.8M | 6.7% | |
| 6 | Arizona | 36 | $38.5M | 5.6% | |
| 7 | Georgia | 18 | $19.3M | 2.8% | |
| 8 | Wisconsin | 18 | $13.4M | 2.8% | |
| 9 | Oregon | 13 | $9.9M | 2.0% | |
| 10 | Oklahoma | 8 | $8.6M | 1.2% | |
| 11 | Maryland | 8 | $7.1M | 1.2% | |
| 12 | Massachusetts | 7 | $6.6M | 1.1% |
In California the lender accounts for 0.6% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (224 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 78 | $86.7M | 12.1% | |
| 2 | Maricopa County, AZ | 26 | $30.6M | 4.0% | |
| 3 | San Bernardino County, CA | 23 | $27.0M | 3.6% | |
| 4 | Cook County, IL | 22 | $23.4M | 3.4% | |
| 5 | Harris County, TX | 18 | $31.2M | 2.8% | |
| 6 | Collin County, TX | 11 | $16.5M | 1.7% | |
| 7 | Orange County, CA | 11 | $13.2M | 1.7% | |
| 8 | Tarrant County, TX | 10 | $15.0M | 1.6% | |
| 9 | Jefferson County, CO | 9 | $8.7M | 1.4% | |
| 10 | Miami-Dade County, FL | 9 | $7.1M | 1.4% | |
| 11 | Fresno County, CA | 9 | $5.7M | 1.4% | |
| 12 | Denver County, CO | 9 | $5.0M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 116 | 18.1% | |
| 2 | Accommodation and Food Services | 109 | 17.0% | |
| 3 | Other Services (except Public Administration) | 92 | 14.3% | |
| 4 | Health Care and Social Assistance | 68 | 10.6% | |
| 5 | Construction | 57 | 8.9% | |
| 6 | Transportation and Warehousing | 46 | 7.2% | |
| 7 | Manufacturing | 35 | 5.5% | |
| 8 | Professional, Scientific, and Technical Services | 29 | 4.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 75 | 11.7% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 44 | 6.9% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 42 | 6.5% | |
| 4 | General Freight TruckingNAICS 4841 | 29 | 4.5% | |
| 5 | Traveler AccommodationNAICS 7211 | 26 | 4.0% | |
| 6 | Grocery StoresNAICS 4451 | 25 | 3.9% | |
| 7 | Personal Care ServicesNAICS 8121 | 21 | 3.3% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 18 | 2.8% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 15 | 2.3% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 15 | 2.3% |
Approval sizes
- $50,001 to $150,0001.1%7
- $150,001 to $350,00017.0%109
- $350,001 to $1 million46.3%297
- $1 million to $2 million22.0%141
- Over $2 million13.7%88
Loan terms
- Over 5 to 10 years46.4%298
- Over 10 to 20 years7.8%50
- Over 20 years45.8%294
Age of the businesses
- Existing, more than 2 years old53.3%342
- New business, 2 years or less8.1%52
- Startup, loan funds will open the business8.4%54
- Change of ownership30.2%194
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 631 | 98.3% | |
| 2 | International Trade Loans | 8 | 1.2% | |
| 3 | 7a General | 3 | 0.5% |
Franchise share
106 of 642 approvals in FY2021–FY2025 (16.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 4 | 0.6% | |
| 2 | Americas Best Value Inn | 3 | 0.5% | |
| 3 | Quality Inn | 3 | 0.5% | |
| 4 | World of Sourdough | 3 | 0.5% | |
| 5 | Midas | 3 | 0.5% | |
| 6 | Gameday Men's Health | 3 | 0.5% | |
| 7 | Econo Lodge | 2 | 0.3% | |
| 8 | Motel 6 | 2 | 0.3% |
Questions and answers
How many SBA loans does VelocitySBA, LLC make?
SBA approved 193 7(a) loans through VelocitySBA, LLC in FY2025, worth $182M, and 642 over FY2021 to FY2025. That ranks 60th of 2,184 active 7(a) lenders by number of approvals.
How large are VelocitySBA, LLC's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $769K and the average $1.1M. The program-wide median was $190K.
What is VelocitySBA, LLC's charge-off rate?
Of 5,186 disbursed loans approved in FY2010 to FY2021, SBA records 1,030 as charged off (19.9%), 4,066 as paid in full and 90 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does VelocitySBA, LLC lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (75); automotive repair and maintenance (44); beer, wine, and liquor stores (42); general freight trucking (29).
Where does VelocitySBA, LLC make SBA loans?
In 41 states and territories. California 214, Texas 97, Florida 47, Illinois 44, Colorado 43. In California it accounts for 0.6% of all 7(a) approvals.
Is VelocitySBA, LLC's SBA lending rising?
Approvals in the three latest complete fiscal years total 417, against 290 in the three before: rising (+44%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error