VelocitySBA approved 641 SBA loans worth $674.0M between October 2021 and June 2026, ranking #60 of 2,283 SBA lenders nationally by loan count. Its median loan was $734,000, and 24% went to startups or businesses under two years old. It lent in 45 states, most often in California, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 147 | $147.3M | $655,000 | #49 |
| Texas | 101 | $142.1M | $930,000 | #46 |
| Florida | 57 | $51.5M | $734,000 | #62 |
| Colorado | 54 | $60.3M | $724,000 | #32 |
| Illinois | 53 | $61.1M | $899,000 | #34 |
| Arizona | 23 | $22.6M | $816,000 | #47 |
| Georgia | 23 | $21.2M | $500,000 | #72 |
| Wisconsin | 19 | $13.8M | $488,000 | #54 |
| Oregon | 13 | $9.9M | $667,000 | #42 |
| Maryland | 11 | $8.7M | $657,300 | #51 |
| New York | 11 | $16.1M | $883,000 | #109 |
| Massachusetts | 10 | $8.3M | $787,000 | #75 |
| Nevada | 9 | $8.9M | $523,000 | #51 |
| South Carolina | 8 | $8.3M | $748,000 | #60 |
| Connecticut | 8 | $7.7M | $657,000 | #48 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 121 | $690,000 | |
| Other services (repair, personal care) | 97 | $748,000 | |
| Retail | 80 | $533,000 | |
| Health care and social assistance | 70 | $759,000 | |
| Construction | 62 | $874,000 | |
| Transportation and warehousing | 41 | $1,180,000 | |
| Manufacturing | 34 | $946,000 | |
| Arts, entertainment and recreation | 31 | $765,000 | |
| Professional and technical services | 30 | $722,000 | |
| Administrative and support services | 23 | $424,000 |