Boost your Business
NEWITY makes 7(a) Working Capital Loans simple. Sign up below to learn more about the program + what it can do for your business!
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Gain Access to Working Capital
How it Works
1. Gather Important Documents
2. Create Your Account
3. Submit Your Application
1. Gather Important Documents
2. Create Your Account
3. Submit Your Application
Perks of the NEWITY Loan Program
A Simple Process — Guaranteed
Low, Competitive Interest Rates
Use for Various Business Expenses
Guided Support + Expert Resources
Frequently asked questions
All your questions, answered.
What are the qualifications?
To qualify for an SBA Working Capital Loan, your business must be:
- In operation for at least 3 years as a for-profit business
- US-based location and operations
- Owner-supported, owner-funded
- Eligible per the SBA’s requirements
- Loan size determined by average annual revenue of the business + FICO score
- Minimum SBA SBSS score of 155
What documents are needed to support your application?
- Filed Tax Returns
- Bank Statements
- Balance Sheet
- Year-to-Date Profit & Loss Statement
- Franchise Agreement or Fuel Supply Contract (if applicable)
- Filed Articles or Organization or Articles of Incorporation (if applicable)
- Operating Agreement, By-Laws, Partnership, or Trust Agreement (if applicable)
- Business Debt Schedule (if applicable)
How can I use the funds?
One of the key advantages of 7(a) working capital loans is that they can be used to cover a wide variety of expenses — including marketing spend!
What is the interest rate for a 7(a) loan?
Ths interest rate is WSJ Prime + 2.75%.
