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.
The Paycheck Protection Program (PPP) was an extremely popular financing option for many U.S. small businesses during the COVID-19 pandemic, as it offered favorable terms, including full or partial forgiveness if funds were used within program guidelines.
With the Paycheck Protection Program in the rearview mirror, many small businesses are now wondering where to look next for capital to help fund their operations. Depending on what you want to do with your business, the SBA may offer another attractive source of capital.
SBA 7(a) loans
The Small Business Administration (SBA) is a federal agency that backed PPP loans and it has a variety of other loan options available for small businesses, including 7(a), 504, and SBA Express. While the SBA doesn’t provide the actual funds, it facilitates the programs, determines program guidelines, and guarantees a portion of each loan funded by its network of approved lenders.
Building upon our success helping more than 115,000 businesses receive PPP loans, NEWITY is continuing to support small businesses by offering access to SBA 7(a) loans. The specifics are as follows:
7(a) loan terms for small business loans:
7(a) eligibility requirements for small business loans up to $250,000:
Click here to apply for a SBA 7(a) loan in 30 minutes or less
Other options for small business capital
NEWITY believes SBA 7(a) loans are some of the most beneficial forms of capital for small businesses in the post-PPP landscape, but if this option doesn’t suit your business needs, there are other options available as well, including:
NEWITY is here to help you understand your business’ options