Velocity Enters into Strategic Funding Agreement with Targeted Lending

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

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.

“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,” Cory Damm, managing director of Velocity Equipment Finance, said. “Our agreement with Targeted Lending is a demonstration of our commitment to funding and innovation in the equipment financing sector.”

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

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