Velocity Financial (NYSE: VEL) is a publicly traded specialty finance company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing tailored financing solutions to the transportation industry, with particular emphasis on independent owner-operators and small to mid-sized trucking fleets. By offering a range of credit structures, Velocity Financial helps transportation businesses manage cash flow, acquire essential assets, and expand operations.
The company’s core offerings include equipment financing, lease financing, working capital loans and accounts receivable factoring. These products are designed to meet the unique funding needs of commercial transportation operators, enabling customers to purchase or refinance tractors, trailers and related equipment while preserving liquidity. Velocity Financial customizes each transaction to align collateral coverage, repayment terms and risk profiles with the borrower’s operational requirements.
Founded in the early 2010s and headquartered in Chicago, Illinois, Velocity Financial has grown its portfolio across North America. The firm serves clients in all 50 U.S. states and selectively in Canada, leveraging a proprietary underwriting platform and deep industry expertise to evaluate credit risk and asset values. Over time, it has built long-standing relationships with regional dealerships, equipment manufacturers and logistics providers, supporting the evolving capital needs of the transportation sector.
Velocity Financial is guided by a management team of seasoned finance and transportation professionals. Its executive leadership combines decades of experience in specialty lending, risk management and commercial truck operations. The board and senior management emphasize disciplined underwriting, active portfolio monitoring and responsive customer service to drive sustainable growth and deliver value to shareholders.
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