Velocity Capital Group started from a small room in a Long Island home in 2018. After working 6 diligent years in the Merchant Cash Advance industry, Jay Avigdor felt that he had the confidence and know-how to create a company of his own. Using $50k of his savings as start-up capital, he began working to grow Velocity Capital Group.
Since then, Velocity Capital Group has expanded and moved into a larger office to accommodate our over 20 team members. Jay Avigdor continues to take the essential steps for growth, ensuring that the company is prepared for the future.
The Funder: From Office of One to Eighteen in Under a Year
December 13, 2018 | By: Todd Stone
Not even a full year in business, Velocity Capital Group announced that it has secured $15 million in financing; $5 million in a Series A, plus a $10 million line of credit...
Velocity Capital Group
VCG is a direct funding platform located in Greater New York. We fund small businesses all over the United States and our team has serviced over 15,000 clients, with over 25 years of experience in the sub-prime financing space.
Business Financing for the Modern World
At Velocity, we aim to merge finance with technology to be able to provide funding fast. We have automated the funding system, which creates a quicker and smoother process for merchants and brokers alike.
We understand that when businesses apply for capital, speed, and transparency are the top priorities. Funding faster and smarter is the key to success.
Above all, we want to build and maintain relationships with our customers, partners, and charities.
Velocity Capital Group is about more than funding. It's about changing lives by putting capital in the right hands. Velocity + is our pledge to give 10% of our net proceeds to charity each month.
Velocity is one of our top lenders. We have a 90% approval rate with them and our files are processed in less than two hours. Their team is very resourceful and they are always available when we call. They have taken our company to the next level and we are only ISO Partners, thank you VCG. Speed Wins."
“I love the charity aspect of Velocity Capital Group. Knowing that 10% of their net proceeds go to those in need warms my heart.”
"We were recommended to Velocity when we were in great need of capital. We didn't have the best credit but they came through for us. Since then we have continued to fund with them. Being a small business and having to wait on payments can get stressful but Velocity has helped and made the process quick. Glad we found them when we did."