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Velocity Equipment Finance Enters Strategic Funding Agreement with Targeted Lending

September 28, 2023, 07:18 AM
Filed Under: Industry News

Velocity Equipment Finance, an operating division of TransPecos Banks, SSB, has entered into a strategic funding agreement with Targeted Lending Co., LLC.

With the financial strength of Velocity’s innovative, bank-owned platform, the agreement will provide additional liquidity and a highly competitive funding infrastructure for Targeted Lending.

Cory Damm, Managing Director of Velocity Equipment Finance stated, “It is a privilege to align with long-time successful industry leaders like Brian Gallo and his team as they enhance their commitment to offering highly tailored financing and a smooth funding process. Our agreement with Targeted Lending is a demonstration of our commitment to funding and innovation in the equipment financing sector.”

Brian Gallo, CEO of Targeted Lending said “In today's landscape, small businesses require access to funding that is both uncomplicated and versatile.   Our strategic agreement with Velocity and TransPecos Banks supports our commitment to deliver unique finance solutions to the equipment finance industry.”

From equipment finance needs starting at $1,000 and reaching to $150,000+, Velocity’s cutting-edge platform offers the flexibility of manufacturer financing backed by the strength of TransPecos Banks with an incredibly fast experience. We propel businesses with lightning-quick approvals, competitive terms, and a funding process that is completed in hours.

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