Best For
- Businesses with steady deposits that need capital quickly
- Seasonal or uneven revenue
- A review based on how your business performs
Fast Working Capital Matched to Your Business
We shop your file across a wide range of funders to find working capital that fits how your business earns. You'll see the funder's total cost in writing before you sign.
Velo is a commercial financing broker, not a lender. Funding is provided by third-party lenders and funders, subject to their approval; timing varies.
Same-Day Business Funding
- Apply(Done)
- Compare Your Offers(Done)
- Get Funded(Complete)
Illustrative example.
Process3 steps
How It Works
Step 1: Apply
Share a few business details and your recent bank statements.
Step 2: Compare Your Offers
We bring you offers from funders that fit: amount, total cost, remittance schedule, any fees and your state's disclosure.
Step 3: Get Funded
Sign the funder's agreement electronically and receive funds by ACH.
FitSame-Day Business Funding
Is It the Right Fit?
Consider Something Else If
- You need the lowest possible cost and can wait weeks for funding.SBA Loans
- You already have several open funding agreements and cash flow is tight.Talk it through
Before you apply
What We Look at, and What You'll Need
What We Look At
- Time in business1+ year
- Average monthly deposits$20,000+
- A U.S.-based business with a business checking account
- Any business financing you already have
- Credit history, as one factor among several500+
What You'll Need
- Last 4 months of business bank statements
- Driver's license or other government ID
- A voided business check
- For larger requests: a recent business tax return or financial statements
Requirements vary by product and are reviewed case by case. Meeting them doesn't guarantee approval.
CostDisclosures
Cost & Disclosures
In short
- A third-party funder decides and sets terms
- Total cost in writing before you sign
- Fees, if any, are listed and may reduce the amount deposited
- Velo may be paid by the funder
How same-day funding works. Velo Capital Funding is a commercial financing broker, not a lender. Financing is provided by third-party lenders and funders, subject to their approval. Terms vary. Same-day business funding is offered by third-party funders. It is typically structured as the funder's purchase of an agreed percentage of your business's future receivables (the "Purchased Amount") for an upfront amount paid to you (the "Purchase Price"). Structured this way, it is not a loan and the funder does not charge interest.
The funder receives the agreed percentage of your receivables as your business collects them. For convenience, remittances may be made in fixed daily or weekly amounts based on a good-faith estimate of that percentage. You can request a reconciliation from the funder, as described in your agreement, and remittances will be adjusted to reflect your actual receivables. There is usually no fixed term. If your receivables slow down, your remittances slow down too.
Cost. The cost is the difference between the Purchased Amount and the Purchase Price, plus any fees listed in the funder's agreement. Fees may reduce the amount deposited into your account. Before you sign, you'll receive a written disclosure of the total cost and terms as required by your state. In some states, including California and New York, it shows an estimated annual percentage rate (APR) so you can compare offers.
Other terms. The funder may file a UCC financing statement and take a security interest as described in your agreement. Each owner may be asked to sign a guaranty of the business's performance of its obligations under the agreement, for example that information provided is accurate and that receivables are not diverted. This is not a guaranty that receivables will be generated. Remittance methods vary by state and by funder. Funding is available for business purposes only and is subject to approval by the funder. Amount, cost, timing and remittance terms are set by the funder and depend on your business's receivables and other factors, and funding on the day you are approved is not guaranteed. Not every business qualifies. Velo is a broker: it may present offers from more than one funder and may receive compensation from the funder you choose.
Questions, Answered
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.
After approval and signing, funds can arrive as soon as same day. Funding is subject to approval and timing varies: after you apply, an advisor reviews your request and shops it across lenders and funders. If there's a fit, you receive an offer with a written disclosure. Timing depends on how quickly we receive your documents and on the lender or funder.
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.
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.