Once you qualify for an SBA 7(a) loan, NEWITY will direct a portion of your loan directly to the holder of the debt that you would like to refinance. The balance of the 7(a) loan will be deposited into your account to use as needed for working capital expenses.
To determine if you qualify for an SBA 7(a) loan, get started by submitting the prescreen loan application in the NEWITY Portal. It takes less than 15 minutes and does not impact your credit score.
NEWITY LLC and its affiliates are not lenders participating 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.