The #1 Way to Boost your Likelihood of Approval for an SBA 7(a) Loan

Certain factors have an outsized impact on your chances of getting approved for a 7(a) loan. One of the top ways to boost your likelihood of approval for a 7(a) loan is to improve your credit scores – and particularly, your personal credit score as the owner of the business.

Adam Zaabel | | Business Loans 5 Minutes to read

7 Benefits of SBA 7(a) Loans Compared to Alternatives

When searching for capital to grow your business, it can be difficult to discern the differences between financing options and loan types. This article outlines the benefits of SBA 7(a) loans so you can make an informed decision about the best fit for your company. 

Adam Zaabel | | Business Loans 5 Minutes to read

How Can SBA 7(a) Loans be Used for Small Businesses?

Most U.S. businesses are familiar with the Paycheck Protection Program (PPP) that provided loans during COVID-19, but some may not have heard about 7(a) loans: another SBA loan program designed to help small businesses access financial assistance at any time. If you’re looking for access to capital with favorable terms for small businesses, the 7(a) loan program may be for you.

Adam Zaabel | | Business Loans 3 Minutes to read

Accessing Capital During a Credit-Tightening Cycle

One of the first effects you might feel in a recession as a small business owner is the tightening of credit conditions. During an economic downturn, intermediaries may tighten their underwriting or credit standards, making it more difficult for businesses to get approved for a loan.

Adam Zaabel | | Business Loans 5 minutes to read

How SBA 7(a) Loans Help Small Businesses During a Recession

If you’re like most small business owners, you’re probably keeping a close eye on expert predictions about whether a recession is coming (or has already arrived). Maybe you’re worried about how it will impact sales, or maybe you’re already looking for sources of capital to get you through uncertain times. In this article, we’ll walk through the historical context for SBA 7(a) loans during recessions and 4 ways the program can help small businesses during difficult economic times.

Adam Zaabel | | Business Loans 7 minutes to read

How to Apply for a 7(a) Small Business Loan in 30 Minutes or Less

In our recent webinar, NEWITY’s head of credit and underwriting, Adam Zaabel, walked small business owners through how to apply for a 7(a) loan in 30 minutes or less using the NEWITY portal. If you’re interested in a 7(a) loan, watch the recorded webinar or keep reading for an in-depth walkthrough of NEWITY’s simplified application process.

Adam Zaabel | | Business Loans 10 Minutes to read

Using 7(a) Working Capital Financing To Fight Rising Costs Due To Inflation

Inflation in the United States has soared in the past year to 8.5% and according to many experts it is here to stay for the next 12-18 months. For many small businesses, taking out a business loan is the best way to combat inflation right now.

Colin Fortner | | Business Loans 7 minutes to read

Financial Templates: Balance Sheet, Profit & Loss, and Personal Financial Statement

One of the most important items on the list of a small business owner is to keep track of their finances. After guiding many small business owners through the weeds of compiling financial statements, NEWITY has come up with the top three financial template walkthroughs to make your bookkeeping easy and accurate.  

Julia Lukicheva | | Business Loans 5 minutes to read

Introduction to the SBA 7(a) Working Capital Loan Program

Learn more about 7(a) Working Capital Loans with Adam Zaabel, as he guides business owners through a series of video walkthroughs about what it takes to get your business the capital it needs.

Adam Zaabel | | Business Loans 1 minute to read

The Best Loan Option for Small Businesses

Even with a history of strong operations and good credit, many small business owners find that they do not fit the credit standards of traditional banks.

Adam Zaabel | | Business Loans 5 minutes to read

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