As General Counsel at NEWITY, Eric Colandrea oversees all legal, regulatory, and compliance matters. With over 25 years of legal experience, Eric plays a crucial role in ensuring that NEWITY operates within regulatory frameworks while supporting small businesses in securing capital.
Eric contributes to small business success by assisting document specialists, underwriters, and the loan closing team in reviewing complex loan applications. His expertise helps navigate challenging cases involving intricate ownership structures, franchises, or litigation, ensuring loans are cleared for signing.
What excites Eric most is the rewarding nature of helping small businesses access the capital they need to grow. His favorite part of working at NEWITY is the dynamic, ever-evolving work environment that keeps things fresh.
NEWITY LLC and its affiliates are not lenders participating in SBA’s 7(a) loan program. NEWITY LLC is a lender service provider for Northeast Bank, a lender participant in SBA’s 7(a) loan program. SBA 7(a) loans are ultimately processed and approved by a lender participant in SBA’s 7(a) loan program.
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Mon – Fri: 8am – 5pm CT
Sat: 10am – 7pm CT
Sun: Closed
Your loan amount will determined by the business’ average annual revenue, FICO score, and years in business
