Follow the steps below to quickly prequalify for a business loan
Our loan application process is designed with your security in mind. Enjoy peace of mind knowing that your credit score will not be impacted and your personal information is kept secure.
1. Set Up or Log Into Your Account
Visit portal.newitymarket.com to log in or sign up for your account.
View our Account Setup Guide here if you need any additional guidance.
FORGOT YOUR PASSWORD?
No problem, click Reset Your Password. on the login screen and an email will be sent for you to reset your password.
2. Locate the Business Loans tile in the Portal
Once you are logged into your account, locate the Business Loans tile in the portal and click Start Application.
3. Loan Request
In the Loan Request screen, indicate how you intend to use your SBA loan by selecting the Working Capital tile and/or Debt Refinance tile and entering a value. You may apply for up to $500,000 in total.
4. Business Information
On the Business Information section, enter the details as they appear on your business’ tax records.
5. Business Owner
Note: Only the majority owner’s information is needed to prequalify.
After selecting Add Owner, fields will appear to enter the first name, last name, and ownership percentage of the owner. Be sure to select the type of owner before clicking Save.
If you are not the owner or an authorized signer, you can request the owner to complete the form by selecting No, Share Form. If you are able to complete the ownership form, click Yes, Fill Out Form to continue.
Be sure to click the I am an authorized signer box at the top of the Personal Details screen.
Once you entered the requested information, press Save & Continue. This will return you to the Business Ownership screen so you can continue your application.
6. Application Consent
7. Loan Offers
In the Loan Offers section, you will be presented with a loan that fits your company profile. To learn more about each loan offer, click the header that corresponds to your screen.
To move forward with your SBA 7(a) loan option, click Proceed with Offer. This will bring you to a document upload screen to begin providing supporting files.
Unfortunately, NEWITY is not able to provide an SBA 7(a) loan offer, but NEWITY’s partner has an alternative loan offering for your consideration. To move forward with our partner’s offer, click Select and Continue to continue your loan journey.
If you see this screen, NEWITY was unable to provide an immediate loan option for your consideration or there might have been an error. A NEWITY representative will reach out to you with next steps.
