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

Business Insights

Letter from our CEOs

Luke LaHaie & David Cody
5 Minutes to read
NEWITY Newsletter image

Hello Member,

The IRS recently issued a press release, warning business owners of predatory ERC filers, noting the IRS would be increasingly focused on program compliance and fraudulent claim investigation.

Since the launch of our ERC offering, we’ve focused on confirming and documenting eligibility for ERC. While our intake application is simple, the eligibility work performed by our ERC team is extensive and thorough. The IRS notes the following ways businesses can protect themselves:

  1. Work with a trusted tax professional
  2. Request a detailed worksheet explaining ERC eligibility and computations used to determine the amount
  3. Do not file unless you believe you are legitimately qualified for the credit

To reiterate, our ERC calculation team is comprised of Certified Public Accountants (CPAs) and Chartered Financial Analysts (CFAs) while the legal team is comprised of attorneys. This team is fully employed by NEWITY and trained and tested in accounting and IRS compliance.

We provide a detailed worksheet of how your ERC is calculated as well as a memo detailing the exact government orders, how they impacted your business, and your resulting qualification.

We founded this business to help entrepreneurs access capital from government programs. We’ve helped over 115,000 businesses file and achieve forgiveness for PPP loans – we ensured each business qualified for PPP and confirmed that their application was complete. Our approach to ERC is the same.

We encourage you to read our ERC Insights and watch our ERC Webinars to learn more about the program. It’s of utmost importance to us that NEWITY serves as an extension of your company who you can trust.

Thank you for being part of our growing business community,

Luke & Dave

Apply for ERC Advance 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