Business Insights

Key Takeaways Your SBSS score is your business’s credit score that accounts for several factors, spanning both business and personal finances SBSS scores range from

Key Takeaways SBA 7(a) loans offer flexible funding for operational and growth needs. There are clear restrictions on how funds can be used, such as

Key Takeaways Separating your business from your personal finances as much as possible will help you to stay organized, ensure your taxes are accurately filed,

Key Takeaways Secured credit cards require a cash deposit that acts as “collateral” on your card balance, and are easier to obtain for people with

Pledging collateral for a business loan can seem complicated, but it doesn’t have to be. In this article, we’ll break down the definition of collateral,

Key Takeaways SBA loan denial could be chalked up to poor credit, industry, or even business age You can reapply for an SBA 7(a) Loan

Key Takeaways Your NAICS code helps you and others categorize your business at its most specific level NAICS codes are used for a variety of

Seasonal slowdowns are a reality for many businesses, whether you’re in retail, hospitality, or any industry affected by fluctuating consumer demand. While these quieter periods

When small business owners look to borrow money, they often encounter two primary types of loans: secured and unsecured. Understanding the differences between these two

Taking out a business loan can be a powerful tool for growth, whether you’re purchasing new equipment, expanding operations, or managing cash flow. However, repaying

Cash flow management is crucial for small business success. Positive cash flow ensures you can pay your employees, purchase inventory, invest in growth opportunities, and

Setting goals is essential for driving growth and success in your small business. But not all goals are created equal. To ensure your goals are

As a small business owner, planning for the upcoming year is essential for sustained growth and success. A strong business plan serves as your roadmap.

Scaling a small business is an exciting milestone, but it comes with challenges that require careful planning. Scaling is different from simple growth.   Simple growth

As December approaches, it’s the perfect time for small business owners to focus on 2025 planning. Setting yourself up for success starts with wrapping up

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.

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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

What is Small Business Week? In 1963, U.S. President Kennedy declared the first week of May as National Small Business Week to honor the contributions of entrepreneurs

There are many groups that help small businesses access capital. If you’ve read our article about who provides small business loans, you might have noticed the

NEWITY’s approach to helping small businesses secure SBA 7(a) loans, even with low credit scores. GCT Company applied for an SBA 7(a) loan through the

A Guide to the Market As the financing market has evolved, new types of loan providers entered the small business loan market. Who are the

At NEWITY, we aim to help small business owners get access to the capital they need to grow. Obtaining funds for business expansion can be

Credit scores are a key factor in determining your eligibility for a loan. We encounter the following questions from our members most frequently when inquiring

Beyond understanding the factors that contribute to your credit score, there are a variety of scores, ratings, and agencies that can help you build and

Understanding what contributes to your credit score can help you identify areas in which to improve so you can increase your score. Generally, higher credit

Did you receive one of the 3.9 million COVID-19 Economic Disaster Recovery Loans (“EIDL”)? If you received a portion of the $380 billion issued through

With the SBA’s latest SOP changes, the minimum criteria required to qualify for an SBA 7(a) loan has lowered for larger loan amounts. To qualify

On August 1st, 2023, the SBA released Standard Operating Procedures (“SOP”) 50 10 7 with updated rules for approving and funding loans offered through the SBA’s 7(a) program. 

Business Outline: Javier owns a vibrant restaurant in San Antonio, Texas. He worked hard to retain employees through the pandemic. After the pandemic, San Antonio’s

How 2023 SBA Business Loan Program Changes Will Affect Small Businesses  We sat down with NEWITY’s Co-CEOs, Luke LaHaie and David Cody, to hear their

NEWITY is committed to helping small businesses across the United States thrive, which is why we offer SBA 7(a) working capital loans up to $350,000. Compared

Business Outline:  Jack is the owner of a construction company in New York, NY. As Jack’s company grew, he realized he needed more capital to

NEWITY is committed to helping small businesses across the United States thrive, which is why we offer SBA 7(a) working capital loans up to $350,000.

NEWITY continues its commitment to help small businesses thrive by offering SBA 7(a) working capital loans of up to $350,000. SBA 7(a) loans are an attractive

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

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 Paycheck Protection Program (PPP) was implemented to provide financial relief to U.S. businesses during the COVID-19 pandemic. According to the latest data from PandemicOversight.gov,

The 7(a) loan program through the Small Business Administration (SBA) was created to provide access to capital for US small businesses who may otherwise have

The Paycheck Protection Program (PPP) was created to provide financial relief to U.S. businesses during the pandemic. If your PPP loan was selected for SBA

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:

More than 11.5 million Paycheck Protection Program (PPP) loans were issued as financial relief during the COVID-19 pandemic. Loans are forgivable for businesses that used

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,

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

If your PPP loan amount is $150,000 or less, you qualify to file for forgiveness using Form 3508S which is a one-page simplified version of

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

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

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