-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 TcEXfrEe0Vdi5nJrbxgQYw==

<SEC-DOCUMENT>0001019056-09-000633.txt : 20090605
<SEC-HEADER>0001019056-09-000633.hdr.sgml : 20090605
<ACCEPTANCE-DATETIME>20090605155713
ACCESSION NUMBER:		0001019056-09-000633
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090605
DATE AS OF CHANGE:		20090605
EFFECTIVENESS DATE:		20090605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VELOCITY PORTFOLIO GROUP INC
		CENTRAL INDEX KEY:			0000813565
		STANDARD INDUSTRIAL CLASSIFICATION:	SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153]
		IRS NUMBER:				650008442
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-106256
		FILM NUMBER:		09877149

	BUSINESS ADDRESS:	
		STREET 1:		1800 ROUTE 34 NORTH
		STREET 2:		BUILDING 4, SUITE 404A
		CITY:			WALL
		STATE:			NJ
		ZIP:			07719
		BUSINESS PHONE:		732-556-9090

	MAIL ADDRESS:	
		STREET 1:		1800 ROUTE 34 NORTH
		STREET 2:		BUILDING 4, SUITE 404A
		CITY:			WALL
		STATE:			NJ
		ZIP:			07719

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VELOCITY ASSET MANAGEMENT INC
		DATE OF NAME CHANGE:	20040409

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELE OPTICS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000813565</cik>
        <entityName>VELOCITY PORTFOLIO GROUP INC</entityName>
        <issuerAddress>
            <street1>1800 ROUTE 34 NORTH</street1>
            <street2>BUILDING 4, SUITE 404A</street2>
            <city>WALL</city>
            <stateOrCountry>NJ</stateOrCountry>
            <zipCode>07719</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>732-556-9090</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>Velocity Asset Management, Inc.</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>C.</middleName>
                <lastName>Kleinert</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1800 Route 34 North</street1>
                <street2>Building 4, Suite 404A</street2>
                <city>Wall</city>
                <stateOrCountry>NJ</stateOrCountry>
                <zipCode>07719</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>J.</middleName>
                <lastName>Mastriani</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Velocity Portfolio Group, Inc.</street1>
                <street2>1800 Route 34 North, Bldg. 4, Suite 404A</street2>
                <city>Wall</city>
                <stateOrCountry>NJ</stateOrCountry>
                <zipCode>07719</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>W.</firstName>
                <middleName>Peter</middleName>
                <lastName>Ragan, Sr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Velocity Portfolio Group, Inc.</street1>
                <street2>1800 Route 34 North, Bldg. 4, Suite 404A</street2>
                <city>Wall</city>
                <stateOrCountry>NJ</stateOrCountry>
                <zipCode>07719</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>W.</firstName>
                <middleName>Peter</middleName>
                <lastName>Ragan, Jr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Velocity Portfolio Group, Inc.</street1>
                <street2>1800 Route 34 North, Bldg. 4, Suite 404A</street2>
                <city>Wall</city>
                <stateOrCountry>NJ</stateOrCountry>
                <zipCode>07719</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steven</firstName>
                <middleName></middleName>
                <lastName>Marcus</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Velocity Portfolio Group, Inc.</street1>
                <street2>1800 Route 34 North, Bldg. 4, Suite 404A</street2>
                <city>Wall</city>
                <stateOrCountry>NJ</stateOrCountry>
                <zipCode>07719</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName></middleName>
                <lastName>Kelly, MD</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Velocity Portfolio Group, Inc.</street1>
                <street2>1800 Route 34 North, Bldg. 4, Suite 404A</street2>
                <city>Wall</city>
                <stateOrCountry>NJ</stateOrCountry>
                <zipCode>07719</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName></middleName>
                <lastName>Granatell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Velocity Portfolio Group, Inc.</street1>
                <street2>1800 Route 34 North, Bldg. 4, Suite 404A</street2>
                <city>Wall</city>
                <stateOrCountry>NJ</stateOrCountry>
                <zipCode>07719</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$5,000,001 - $25,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-05-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isDebtType>true</isDebtType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>2000000</totalOfferingAmount>
            <totalAmountSold>1300000</totalAmountSold>
            <totalRemaining>700000</totalRemaining>
            <clarificationOfResponse>This was a best efforts offering.  There will be no more sales.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>4</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>VELOCITY PORTFOLIO GROUP INC</issuerName>
                <signatureName>/s/ James Mastriani</signatureName>
                <nameOfSigner>James Mastriani</nameOfSigner>
                <signatureTitle>Chief Financial Officer</signatureTitle>
                <signatureDate>2009-06-05</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----