SBA 7(a) loans up to $250,000 and ERC up to $26,000 per employee available in the Portal — Log In or Sign Up.
NEWITY continues its commitment to help small businesses thrive by offering SBA 7(a) working capital loans of up to $250,000. SBA 7(a) loans are an attractive option for a number of reasons, but primarily due to their lower interest rates and longer maturity, which leads to a lower monthly payment.
Jack is the owner of a construction company in New York, NY. As Jack’s company grew, he realized he needed more capital to expand his business. This case study is based on a real NEWITY Member and follows the business’ SBA 7(a) loan application and experience with Xendoo. Note, some details have been changed for privacy.
Nearly one in five (18.4%) private sector businesses fail within the first year in the U.S.; 49.7% fail within five years and 65.5% fail within ten years. How can you prepare your business to beat these statistics? Harvard Business School states that business consultants circulate innovative ideas and new knowledge within their industries that can help small business owners overcome key challenges and thrive well beyond ten years.
This case study is based on a real NEWITY Member and is intended to detail NEWITY’s ERC application process, including what to expect and an accurate ERC refund calculation for this business. Note, some details have been changed for privacy.
For businesses that made it through the coronavirus pandemic and the subsequent economic downturn, the current moment represents an exciting opportunity to bounce back and grow. One of the best options to do so is with the Small Business Administration’s 7(a) loan program.
Not all Employee Retention Credit (ERC) processing companies are equal. Here are three ERC processing red flags that you should never ignore.
New startup businesses that began operations in 2020 or 2021 may be eligible for the Employee Retention Credit (ERC), a significant tax credit worth up to 70% of the total employee wages paid between June and December 2021.
Many people set personal New Year’s resolutions every January, but business owners can also consider setting resolutions and goals for their company. What better area to focus on than the health of your finances? Here are a few accounting resolutions you could make to improve your business outlook in 2023.
As the Paycheck Protection Program (PPP) has come to a close and most loan forgiveness decisions have already been made, NEWITY is here to answer some final FAQs going into the start of 2023.
With the holidays over and people settling back into their typical routines, now is the best moment to think ahead and create a 2023 marketing strategy and plan for your small business.
Realize the benefits of NEWITY membership. Sign up for free to gain access to essential business services and products that make doing business better.
Do you have questions about any of our marketplace services? A NEWITY team member will be happy to speak with you directly, to answer your questions.