Business Insights

Meet Sara McCorriston – Paradigm Gallery

Updated on July 25, 2024
Category: Member Stories
4 Minutes to read

"NEWITY is your support system, they were the team behind you to help navigate what can be a very complicated process. NEWITY is the company that breaks down that barrier and I can tell you that NEWITY is different.”

Sara McCorriston

Owner Paradigm Gallery

Paradigm Gallery is located in the heart of Philadelphia. This gallery exhibits meaningful, process-intense contemporary artwork by emerging and mid-career artists from around the world.

Sara McCorriston co-founded Paradigm Gallery to increase access to the commercial art world, support artists, and advance their careers. She also aims to collaborate with like-minded partners to build a more equitable, sustainable arts economy for all.

When Paradigm Gallery needed funds to support its growth, Sara researched capital access methods. She considered applying for an SBA 7(a) loan directly through a bank but turned to NEWITY for support navigating the complex loan application process.

Our team simplified the complexities and helped Sara apply for and receive an SBA 7(a) loan. With a government-backed loan and low interest rates, Sara managed her monthly payments easily and accomplished much more with her newfound capital. Additionally, she appreciated NEWITY’s understanding of the urgency her gallery faced and the support throughout the SBA 7(a) loan process.

Our team is grateful help small business owners like Sara to expand their vision for the greater Philadelphia arts community.

Get started with your SBA 7(a) loan journey today.

Read more Insights

Business Term Loan vs. Line of Credit: What’s...

Term loans and lines of credit are two different ways small businesses can borrow capital from lenders. However, they operate differently and serve distinct purposes. Here’s a breakdown to help you decide which might be the best fit for your business. What is a Term Loan? A term loan provides…

The Corporate Transparency Act and Beneficial Ownership Information...

Small business owners need to stay informed about new regulations that may impact their operations. One such regulation is the Corporate Transparency Act (CTA), which introduces a significant reporting requirement for businesses. Central to this act is the Beneficial Ownership Information Report (BOIR), a mandatory filing designed to increase transparency…

When Should I Get a Small Business Loan?

Access to capital is vital for small businesses, whether for growth, sustaining operations, or navigating challenges. However, deciding when to take on a business loan requires strategic planning. It’s not just about fixing immediate problems—timing your funding can make a significant difference. There are key situations when taking on capital…

Debt Consolidation vs. Refinancing

In the world of business finance, managing debt is a crucial aspect of keeping your operations running smoothly. Two common strategies for dealing with multiple debts or high-interest loans are debt consolidation and refinancing. While both can help improve your financial situation, they serve different purposes and work in distinct…

Business Loan Terms You Need To Know

You’ll encounter many terms when searching for a business loan. In this guide, we’ll walk you through all the essential terms related to small business loans. Understanding these terms equips you to navigate the loan process, choose the right financing option, and negotiate more favorable terms with lenders. Interest and…

Small Business Loans for Women

Women-owned businesses are experiencing rapid growth and have become a vital part of the U.S. economy. Despite this progress, many female entrepreneurs still face challenges when trying to secure financing. These challenges may include limited access to traditional financing, lack of collateral, or a shorter business history compared to their…

Small Business Loans that Won't Impact your Credit...

As a small business owner, keeping track of your business’s financial health is crucial for long-term success. This includes monitoring cash flow, managing expenses, staying on top of invoices, and ensuring timely tax filings. One often overlooked aspect is maintaining a strong business credit score. A lower business credit score…

Fixed vs. Variable Interest Loans: Which is Better...

When it comes to financing your business, understanding the difference between fixed vs. variable interest rate loans is critical to making the best decision. Both loan types offer distinct advantages and challenges depending on your business’s financial health, growth plans, and risk tolerance. In this article, we’ll break down the…

How to Apply for a SBA 7(a) Loan...

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…

How to Refinance Debt with an SBA 7(a)...

What is debt refinance? Debt refinancing replaces one or more existing debts with a new loan, often offering more favorable terms. This process helps businesses reduce interest rates, consolidate multiple loans into one, adjust the structure of their debt, or free up cash for other needs. Ultimately, borrowers use refinancing as…

Understanding and Managing Good vs. Bad Debt

Are you considering borrowing money? Many assume that all debt is bad, however, taking on debt for the right reasons can positively impact your financial health. We call this “good debt.” How can you know whether debt will be beneficial or negative? We’ll outline the differences in this article and…

Debt Refinance; Boost your Business with an SBA...

Refinancing your debt can be a game-changer. If you’re carrying high interest debt, you’re not alone. Making high monthly payments can impair your cash flow and damage your credit score if you fall behind. Learn more about your credit score here. With a high-rate environment, how can you lower the…

What are Startup Loans

Are you a small business owner seeking funding to grow your startup? You’ve probably encountered many ads for startup loans. Let’s explore what they are and how to obtain one. What are startup loans? Startup loans are specifically designed to help new businesses get off the ground. Unlike traditional business…

Meet Sean and Helen - Pioneer Realty Group

“Being able to help our community, provide housing, and navigate the Real Estate landscape is our way of giving back to the community.” Sean and Helen Owners of Pioneer Realty Group Meet Sean and Helen, the dynamic duo behind Pioneer Realty Group based out of Chicago, IL. Driven by a…

ERC Update: Essential details from the IRS -...

The IRS recently provided an Employee Retention Credit (ERC) update clarifying the status of outstanding claims, refund payment timing, and the processing moratorium. We’ve condensed the key details below. What is the most recent status of ERC claims? The IRS announced that they are resuming processing ERC claims filed prior…

Meet Heather Polcaster - Tori Grace Outfitters

“Most of my years in business I was sewing and making everything in my house.” Heather Polcaster Owner of tori grace outfitters Meet Heather Polcaster, the owner of tori grace outfitters, based out of Chicago, Illinois. Tori grace outfitters is a boutique offering Chicago-inspired clothing, accessories, home décor, and gifts.…

Grants vs. Loans: Small Business Financing

Securing financing is crucial for the success of emerging small businesses. Small business owners have various funding options, including personal savings, loans, grants, crowdfunding, and more. Let’s narrow our focus and talk about grants vs. loans in this article. In 2022, 47% of startups failed due to a lack of…

Meet Sade Jennings - MFABI Fulfillment

“What I loved about NEWITY was that they knew the rules and what the SBA needed.” Sade Jennings Owner of MFABI Fulfillment Meet Sade Jenning, owner of MFABI Fulfillment in Brooklyn, New York. MFABI is more than just your ordinary warehousing and order fulfillment center; it’s a partner in innovation.…

How to get a Larger Business Loan.

When you’re in the process of applying for a small business loan, lenders take a close look at certain metrics to gauge risk. Whether you are aiming to qualify for an SBA 7(a) loan or just increase the size of your loan offer, it’s essential to focus on improving your…

Impact of Next Week's Federal Reserve Meeting on...

Economists predict The Federal Reserve will vote to maintain current interest rates next week, holding off on rate cuts until late 2024 if at all this calendar year. Why isn’t the Federal Reserve adjusting interest rates? While inflation crept to 3.4% in April, a stark improvement from 9.1% in June…

Top 5 Red Flags to watch for when...

Are you in need of a business loan? Chances are you’ve encountered several loan applications in your search. It’s essential to keep an eye out for potential red flags to avoid falling victim to loan scams or financial exploitation. Small businesses are particularly vulnerable, with a fraud incidence rate as…

Meet Jen Nylin - Jenny in the City

“I encourage you to check out NEWITY, don’t make it hard for yourself, don’t complicate it, let them walk you through the process. It doesn’t have to be hard.” Jen Nylin Jenny in the City Meet Jen Nylin, owner of Jenny in the City, a fashion boutique located in Minneapolis…

Meet Andres Plaza - OneconnectionIT

“You have to invest to be able to make money and it’s either coming out of pocket or you’re finding someone like NEWITY that’s going to have your back.” Andres Plaza CEO of OneconnectionIT Meet Andres Plaza, the CEO of OneconnectionIT, the one-stop shop for your IT needs. Andres started…

How to Build your Business Credit Score

What is a business credit score? Your business credit score is a number ranging from 300-850 and serves as a measure of your business’ creditworthiness and your ability to manage borrowed funds responsibly on behalf of your business. Credit bureaus calculate your credit score by evaluating various aspects of your credit…

Are SBA Loan Interest Rates Determined by the...

Let’s talk about SBA loan interest rates. Since capital for SBA 7(a) loans is issued via banks, credit unions, and lenders, one question that comes up a lot is if the lender choose the interest rate of SBA loans? The answer is yes. However, only up to a maximum established…

Meet Brian De Pinto - Photographer

“NEWITY really helped demystify the process and helped me get the funding I need to take my business to the next level.” Brian De Pinto Photographer Meet Brian De Pinto, a self-taught photographer located in Newark, New Jersey, specializing in portrait, lifestyle, and product photography. Like many in his field,…

Can I still File for ERC? Has the...

What you need to know following Tax Day 2024. The Senate continues to debate the bill that could alter ERC program filing deadlines. The existing deadline for ERC claims on wages paid in 2020, of April 15, 2024, has now passed. What does this mean? While businesses can no longer…

How does the WSJ Prime Rate Impact your...

What is the WSJ Prime Rate? The Wall Street Journal Prime Rate, or the prime rate, is a benchmark interest rate commonly used by banks to set the interest rates for various consumer and commercial loans. It directly correlates with the federal fund rate. This is set by the Federal Open Market…

How Quickly can you get an SBA Loan...

How quickly can you get an SBA loan up to $500,000? SBA loans along with other government-backed funding are notorious for being slow and time consuming. At NEWITY, we make SBA loans easy. Once you submit your application, you can receive your SBA loan up to $500,000 in three weeks…

Top 5 benefits of SBA 7(a) Loans.

How SBA 7(a) loans can help you secure more capital for less. You’ve likely heard SBA loans provide favorable terms compared to other loan options. What are those SBA terms? How can they help you get approved for a larger loan? Here are the top 5 benefits of SBA 7(a) loans. Interest…

Small Business Loans

Get the capital your business needs to succeed.

Step-by-Step Guides

Webinars

Meet our Team

Become a Referral Partner

Business Insights

Meet Sara McCorriston – Paradigm Gallery

Get started with your SBA 7(a) loan journey today.

Read more Insights

Get the capital your business needs to succeed.

Need help?

To qualify for an SBA 7(a) small business loan, your business must be: