SBA 7(a) Loans up to $500k Now Available

Business Insights

Meet Frances Hoover – Smith Memorial Playground

Elizabeth Wisniewski
4 Minutes to read
“When I am working with NEWITY, I do feel like it’s a company that cares, that I am not a transaction to them, that they are trying to build a partnership with me and that’s meaningful.”
Frances Hoover
Executive Director at Smith Memorial Playground

The Smith Memorial Playground has been a treasured destination for over 100 years and is situated on its original historic landscape, 6.5 acres of open fields, wooded terrain, and sloped hills. It contains a beautiful, 16,000 square foot playhouse that was designed solely as a play space for children by one of Philadelphia’s most prominent late 19th century architects, James H. Windrim.

Frances Hoover is the executive director of the Smith Memorial playground non-profit and came to NEWITY when looking for additional financing options. Frances felt as if this past year was the most challenging for small businesses and non-profits because a large portion of help they received during the pandemic has dried up or gone away. The pandemic is over, but the impact is long-standing.

After hearing about the ERC program, Frances reached out to our team for help filing for ERC. She was confident in her ability to file herself, however she preferred that we handle everything so she can focus on all the tasks that come with running a non-profit.

Our team took it from there, and when she saw how much she was expected to receive, she did backflips! Access to funding is crucial for non-profit organizations and was extremely meaningful for the Smith Memorial Playground.

Frances felt like our team cared about her success, not just the transaction, and we are excited to build more partnerships with other small business owners and heads on non-profits like Frances. We are thrilled to continue to be Frances’ number one choice whenever there is something she need help processing!

We are grateful Frances trusted us to help her through the ERC application and get her access to funds for the Smith Memorial Playground.

Get started with your ERC journey today.

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

  1. U.S.-based and operated
  2. Owner supported / owner funded
  3. Eligible per the SBA’s requirements

Your loan amount will determined by the business’ average annual revenue, FICO score, and years in business