Velocity Capital Group (VCG) Secures New $50 Million Credit Facility
Summary
Since VCGs inception, CEO/Principal Jay Avigdor has made it his mission to provide an efficient and flexible funding experience and product for merchants. This transaction fits well with Arenas broader mission to provide flexible, scalable funding solutions for companies and ideas which have unique growth or liquidity needs. The new line of credit gives steady rails for Velocity Capital Group to continue growing and funding at a significant rate into 2023. With $2.8 billion of committed assets under management as of Jan. 1, 2022, and a team of over 100 employees in six offices globally, Arena provides creative solutions for those seeking capital in special situations. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions.