No, individual and business tax returns must be provided at the time you submit your application. The IRS certified tax transcripts will be obtained directly from the IRS through our built-in technology. Please look out for a consent request from your Underwriter.
Please note: The SBA requires tax transcripts from the IRS in addition to your tax returns to process your application. NEWITY does not control and cannot expedite tax transcript delivery. While the IRS's stated timeframe for providing transcripts is currently 15-20 business days, NEWITY often sees requests remain outstanding for much longer (up to 60+ business days).
NEWITY LLC and its affiliates are not lenders participating in the SBA’s 7(a) loan program. NEWITY LLC is a lender service provider for Northeast Bank, a lender participant in the SBA’s 7(a) loan program. SBA 7(a) loans are ultimately processed and approved by a lender participant in the SBA’s 7(a) loan program.