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

Business Insights

Meet Frances Hoover – Smith Memorial Playground

Frances Hoover, director of the Smith Memorial Playground.
“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, a treasured destination for over 100 years, sits on its original historic 6.5-acre landscape. It features open fields, wooded terrain, and sloped hills. Moreover, it contains a beautiful 16,000-square-foot playhouse designed solely for children by James H. Windrim, a prominent late 19th-century Philadelphia architect.

Frances Hoover, the executive director of the Smith Memorial Playground non-profit, came to NEWITY seeking additional financing options. She felt this past year was the most challenging for small businesses and non-profits. Much of the help received during the pandemic had dried up or disappeared. While the pandemic is over, its impact remains long-standing.

After hearing about the ERC program, Frances reached out to our team for help filing for ERC. Although confident in her ability to file herself, she preferred that we handle everything. This allowed her to focus on the many tasks involved in running a non-profit.

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

Frances felt our team cared about her success, not just the transaction. We are excited to build more partnerships with other small business owners and heads of non-profits like Frances. We are thrilled to continue being Frances’ number one choice whenever she needs help processing anything.

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

Get started with your ERC journey today.

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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