Frequently Asked Questions

Same-day business funding is fast working capital for businesses with steady revenue. We shop your request across a wide range of funders and walk you through their offers. Funders typically structure it as a purchase of a portion of your future receivables rather than a loan: the funder pays you upfront and receives an agreed percentage of your receivables as you collect them, without charging interest. Funding is subject to approval and timing varies: funds can arrive as soon as same day after approval and signing.

No. Velo Capital Funding is a commercial financing brokerage. We work with a wide range of lenders and funders to find the best funding solution for your business and help you get funded. Approval, terms and funding are provided by the lender or funder you choose.

A loan is borrowed money repaid with interest on a fixed schedule. Same-day business funding is typically structured by the funder as a sale of future receivables: there's no interest, and the cost is a fixed amount set out in the funder's agreement and in the disclosure you receive before signing.

Lenders and funders look at time in business, monthly deposits, industry, existing financing and credit history, which is one factor among several. We match your file with the ones whose criteria fit. Typical minimums are 1+ year in business and $20,000+ in monthly deposits; meeting them doesn't guarantee approval. Not every business qualifies.

Booking a call or starting an application on this site doesn't involve a credit check. Our initial review uses a soft inquiry that doesn't affect your credit score. If you move forward with an offer, the lender or funder may obtain a report that results in a hard inquiry, and we'll tell you first.

The cost is set by the funder you choose: it's the difference between what you receive and the total receivables sold, plus any fees in the funder's agreement. It depends on your business and the funder, so we don't publish rates. Because we work with a wide range of funders, we can compare offers with you; the cost is fixed when you sign and shown in writing, with the disclosure your state requires, before you commit. It usually costs more than a bank or SBA loan.

The funder receives an agreed percentage of your receivables as your business collects them. If your sales slow down, you can ask the funder for a reconciliation so remittances reflect your actual receivables. The funder's agreement explains exactly how it works, and remittance methods vary by state.

Possibly. As you remit under your current funding agreement, you may become eligible for additional funding, from your current funder or another one we work with. Eligibility is typically reviewed once about 50% of your current funding agreement has been remitted.

No. Velo is not affiliated with or endorsed by the U.S. Small Business Administration or any government agency. SBA loans are made by SBA-participating lenders.

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