The SBA 7(a) loan program is a low interest, long-term, government backed loan for eligible small businesses. This program was designed for small businesses, so terms are typically more favorable than traditional loans offered by banks.
At NEWITY, we know small business owners are busy. Therefore, we have streamlined our process to make it fast and easy to see how much capital you are eligible to receive.
- Create or log into your NEWITY account. Please review our step-by-step Account Setup Guide if you have any difficulty creating your account.
2. Once you are logged in, navigate to the Business Loans tile and click “Start Application”.
3. Fill out the application by providing your requested loan amount, basic business details, and ownership information! If you run into any difficulty creating, working through, or submitting your loan application, our customer service team is ready to help at 773-839-8089 or at [email protected].
4. Receive and select your custom loan option for your business. If you qualify for an SBA loan, we’ll let you know approximately how much we believe you’re eligible to receive.
What to expect after submitting the application
Once you submit your SBA 7(a) loan application, upload your required documents to be connected to your dedicated loan specialist. You can view the SBA 7(a) loan document checklist here.
After you’ve provided your documents, you’ll get an email from NEWITY team member that will guide you through the remaining steps of the loan process and will be available to answer any questions. Lastly, once everything checks out, you’ll receive your funding within a few weeks. NEWITY speeds up the process, helping you get your funds in as little as 3 weeks – 3 times faster than the national average.
Ready to get started?
Create your NEWITY account and submit the loan application. It should take less than 10 minutes and will not impact your credit score. If you have any questions, call us at 773-839-8089 or fill out our contact form.
