Press & News

Michigan Chronicle: Find Small Business Success in 2023

With a new outlook and hopes on the horizon for a better economic future despite the reported gloom and doom, 2023 is shaping up to be an engaging year as numerous small businesses are bracing for economic uncertainty with a looming recession and inflation – yet they are now more equipped than ever.

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NEWITY Launches ERC Service for Small Businesses

Today, NEWITY, a small business marketplace dedicated to providing access to SBA loan solutions and trusted service providers, announced their new Employee Retention Credit (ERC) offering aimed at helping businesses claim their payroll tax credits. Eligible companies that have not claimed ERC can do so through 2024, depending upon their initial tax filing or payment date.

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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