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Business and Product Insights
Product Portfolio
Short Term Loan
Invoice Factoring
Estate Planning Services
Velocity Lending Solutions Key Value Propositions
Velocity Lending Solutions offers quick, customized funding solutions from a broad network of lenders, streamlining the process for small businesses and real estate investors. Their value lies in connecting clients with appropriate financing options, including credit repair support, even when traditional avenues fail.
Velocity Lending Solutions Brand Positioning
Velocity Lending Solutions positions itself as a swift and reliable loan matching service, connecting small business owners and real estate investors with tailored funding solutions, even for those traditional banks turn down, emphasizing speed, flexibility, and a broad network of lenders.
Top Competitors
Lendio
Fundbox
Biz2Credit
Customer Sentiments
Customer sentiment appears to be positive due to the emphasis on speed, efficiency, and a diverse range of funding options, especially for those who faced rejections from traditional banks. The inclusion of credit repair services also suggests a supportive approach, fostering trust and loyalty among a broader clientele.
Actionable Insights
Develop marketing campaigns that showcase testimonials and case studies illustrating the rapid funding and successful outcomes for diverse client profiles, particularly those with credit challenges.
Products and Features
Short Term Loan - Product Description
A Short Term Loan offered by Velocity Lending Solutions is a financial product designed to provide businesses with rapid access to capital. This loan provides a lump sum of cash with a pre-determined, usually short, payment term. Payments are typically structured for daily, weekly, or bi-weekly repayment. It is specifically suited for businesses that demonstrate high and consistent sales, requiring quick, unsecured funding for any operational or growth needs.
Pros
- Short term loans offer very fast funding, allowing businesses to access needed capital quickly
- They provide flexibility, as the cash can be used for any business need
- The predetermined payment terms offer clarity and predictability for repayment.
Cons
- The frequent payment schedule (daily, weekly, bi-weekly) can be challenging for businesses with inconsistent cash flow
- Due to their rapid nature and unsecured status, these loans often come with higher interest rates
- The short repayment period can place significant pressure on a business's daily operations and finances.
Alternatives
- Alternatives to short term loans include traditional bank loans, which typically offer lower interest rates and longer repayment periods
- Lines of credit provide revolving access to funds, allowing businesses to draw and repay as needed
- Merchant cash advances offer funding based on future credit card sales, an alternative for businesses with high credit card transaction volume.
Company Updates
Latest Events at Velocity Lending Solutions
Velocity Mortgage Capital: Investment Property Loans for Brokers
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View sourceI'm thrilled that US News and World Report named my Real Estate ...
Dec 17, 2024 ... ... News for Investors podcast in the top 8 real estate podcasts for 2024. So grateful for our news team at RealWealth https://lnkd.in/erH9Qqp9 ...
View sourceVelocity Solutions and Allied Solutions Team up to Offer Digital ...
Nov 17, 2022 ... Akouba® Micro is an automated, digital business microloan platform, the newest addition to Velocity's lending solutions for banks and credit ...
View sourceGoKapital | LinkedIn
GoKapital, Inc. (A) rated by the Better Business Bureau offers business loans and real estate financing to entrepreneurs and investors nationwide.
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