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 loan application in your NEWITY account. It takes less than 10 minutes and does not impact your credit score.
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.