Main Street Registry

Velocity Health, LLC

Southlake, TX · Other Computer Related Services · NAICS 541519

Velocity Health, LLC is a business in Southlake, Texas, classified under the industry Other Computer Related Services (NAICS 541519). The company was financed with an SBA 7(a) loan for a change of ownership, approved on October 10, 2024, in the amount of $950,000 through Live Oak Banking Company. The loan reported 4 jobs.

SBA 7(a) loan, change of ownership, approved Oct 10, 2024

$950,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$950,000
SBA-guaranteed amount
$712,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
October 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,554 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 21, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
541519, Other Computer Related Services
Project location
Tarrant County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 30% of acquisition loans in Other Computer Related Services on this site.
  • Average acquisition loan in Other Computer Related Services: $2,041,531.
  • Average acquisition loan in Texas: $1,944,682.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Texas