Press & News

Who will have the biggest impact on the banking sector in 2025? American Banker’s editorial team compiled our annual look at the people who will matter this year in banking.

New SBA rules allow lenders to approve larger loan amounts with fewer qualifications.

Unlike those in years past, this shutdown could have a far more severe impact on business owners applying for SBA loans.

The Small Business Administration has made a number of changes to streamline its 7(a) loan program — and bankers say it’s made the loan process faster, while also creating a few new headaches.

With banks under financial pressure, a government-backed loan is the only affordable route for many owners.

The Small Business Administration is cutting some red tape–along with other changes–for some of its most popular loan offerings.

Allowing small businesses to refinance high interest debt and secure additional working capital.

A simple, cost-effective way for small businesses to receive their Employee Retention Credit (ERC) refund in a matter of days.

Many ERC processors emerged in 2022 after new legislation widened the program’s eligibility criteria. However, not all ERC processing companies are equal. Here are four red flags for ERC processing companies that you should never ignore.

LendVer, the reputable database of vetted business lenders and service providers has finalized its review process for the 2023 Best Employee Retention Credit (ERC) company, and has selected Chicago, IL based NEWITY.

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.

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.

NEWITY, a small business marketplace dedicated to creating equitable access to small business loans and trusted business service providers, today announced the expansion of its loan solutions to include SBA 7(a) loans up to $250,000.

Small businesses are America’s lifeblood, comprising 44% of national GDP, creating 62% of new jobs, and representing 99.9% of all U.S. businesses. Despite the government’s recent efforts to support entrepreneurs, small businesses are failing to keep up with major corporations amid the current economic landscape.

From Crain’s Chicago Business – A chat with the co-founder of NEWITY, a Chicago-based adviser to small businesses and an administrator of government-backed loan programs.

As is apparent from this week’s list of SBA Lenders, small businesses demand small balance loans, but there remains room for improvement to reach underserved owners.

Experts say its time to take a close look at your finances–and start digging your trench.

NEWITY, America’s Small Business Marketplace, has selected award-winning insurtech Mylo to provide its members with expert insurance coverage. NEWITY’s marketplace provides entrepreneurs with equitable access to SBA loan solutions and trusted business services within its smart, digital platform. Mylo’s proprietary technology delivers customized insurance advice and solutions from top carriers for a wide range of needs. This powerful combination will enable business owners to finance and protect their companies – all in

NEW YORK – FEBRUARY 28, 2022 – Breef (www.breef.com), the world’s first online agency marketplace, has announced a partnership with NEWITY, the small business marketplace dedicated to supporting equitable access to SBA loans and trusted business service providers. As NEWITY’s official Marketing Services Partner, Breef is helping NEWITY’s community of 115,000 and growing small business members more easily access marketing agency resources and extend their growth opportunities.

Praxent is helping NEWITY transform from a loan purchaser and servicer to delivering a fully integrated technology platform that offers affordable loan options and back-office capabilities to small businesses, a dramatically underserved market. With Praxent’s design and development expertise, NEWITY’s user experience, functionality and integrations have all been significantly enhanced, better positioning the fintech for strong growth.

NEWITY is now launching a nationwide small-dollar Small Business Administration 7(a) business. NEWITY, a company created to purchase and service Paycheck Protection Program loans, always knew it would have to pivot its business model once PPP activity began winding down.