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Velox Insurance Inc. - License Agreement, by the numbers

Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.

SBA Franchise Directory: listed ✓ (identifier S2949)

1 deals since 2020 · typical deal $80K

1

Deals since 2020

$80K

Typical deal

0

Deals since FY2025

—

Too few deals to score risk

Velox Insurance Inc. - License Agreement has 1 SBA deal on record — real financing history, but too few to score a failure rate you should trust. Underwrite the location and the FDD.

What buyers pay for Velox Insurance Inc. - License Agreement

Most Velox Insurance Inc. - License Agreement deals financed between $80K and $80K. Above $80K, you're paying more than 75% of buyers did — make the seller earn it.

Your deal size$80K

Monthly payment (10-yr): $1,183
Down payment (10%): $9K
Cash to close (all-in): $11K

Estimates at today's rates and standard 7(a) terms. Not a loan offer.

Could you get the loan?

Three answers. No documents, no credit pull.

Credit score

Available cash (you'll need ~$11K)

Experience

Recent financings

Velox Insurance in Cedartown, GA — $80K (2024) · purchase · Newtek Bank, National Association
Program
Preferred Lenders Program
Rate at approval
11% variable
Term
119 months
SBA guaranteed
$68K (85%)
Approval → funding
35 days
Approved
9/26/2024
First disbursed
10/31/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
2
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$89K
Est. down payment (10%)
$9K
Est. cash at closing
$11K
Monthly payment
$1,107
Annual debt service
$13K
Cash flow needed (1.25×)
$17K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Newtek Bank, National Association · Lender record →
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Who funds Velox Insurance Inc. - License Agreement — and where

Every dot is a financed Velox Insurance Inc. - License Agreement — 1 mapped.

Top lenders for this brand

1.Newtek Bank, National Association(1)

Most active states

1.Georgia (1 loans)

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Common questions

How much does a Velox Insurance Inc. - License Agreement cost to buy or open?

The typical deal for Velox Insurance Inc. - License Agreement is $80K across 1 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $9K of buyer cash on a typical deal.

How risky is Velox Insurance Inc. - License Agreement?

Velox Insurance Inc. - License Agreement has 1 SBA loan on record since 2020 — too few to score a reliable failure rate. Judge the unit economics and the franchisor's disclosure document, not a small sample.

Can I finance a Velox Insurance Inc. - License Agreement with an SBA loan?

Yes — Velox Insurance Inc. - License Agreement has been SBA-financed 0 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

AI summary

This profile summarizes public SBA financing activity for Velox Insurance Inc. - License Agreement — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via DealRoom.so SBA Intelligence. DealRoom is not a lender.

Source: DealRoom.so SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. DealRoom is not a lender and does not guarantee financing.

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DealRoom analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with Velox Insurance Inc. - License Agreement.