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

Guide: Loan Application

Follow the steps below to quickly prequalify for a business loan Our loan application process is designed with your security in mind. Enjoy peace of mind knowing that your credit score will not be impacted and all of your personal information is kept secure. 1. Set Up or Log Into Your Account Visit portal.newitymarket.com to log in or […]

SBA 7(a) Guide: Adding an Individual Guarantor

If you have additional individual owners of your business with 20% or more ownership, please follow the steps below to save time and avoid delays in processing your SBA 7(a) Small Business Loan application. The SBA requires 100% of the business’ ownership is reflected on the application. All owners of 20% or more of the […]

SBA 7(a) Guide: Adding Affiliates

If you have affiliates, follow the steps below to save time and avoid delays in processing your SBA 7(a) loan application. If any guarantors (i.e., owners of 20% or more of the applicant business) hold 50% or more  ownership of any other business, the affiliate business(es) must be disclosed on your SBA 7(a) loan application. To learn more […]

SBA 7(a) Guide: Adding an Individual Owner

If you have additional individual owners of your business with less than 20% ownership, please follow the steps below to save time and avoid delays in processing your SBA 7(a) loan application. The SBA requires 100% of business ownership to be reflected on the application. All owners of 20% or more of the business are […]

SBA 7(a) Guide: Adding Business Ownership as a Guarantor

If your business is owned by another business, follow the steps below to save time and avoid delays in processing your SBA 7(a) loan application.  The SBA requires 100% of the business’ ownership is reflected on the application. All owners of 20% or more of the business are required to be personal guarantors for an […]

Ticket Status Guide

Check the status of your support ticket in the Portal NEWITY members can now create and check the status of their support tickets in the Portal. Log Into the Portal Features of your ticket “Open” versus “Closed” tickets: “Open” tickets reflect all requests that are new or pending a response. “Closed” tickets are no longer […]

New 7(a) Small Business Loan Application Guide

Now that you’re prequalified, follow the steps below to submit your SBA 7(a) loan application. Remember, to qualify for an SBA 7(a) small business loan, your business will need to be:  In operation for at least 1 year as a for-profit business US-based location and operations Owner supported / owner funded Eligible per the SBA’s […]

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