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  2. SBA 7(a) Small Business Loans

Is there any collateral required for an SBA 7(a) Small Business Loan up to $250k through NEWITY?

Collateral is not required for loans $50k and under. Collateral may be required for loans between $50k and $250k based on the business's balance sheet.  

The collateral requirement will be discussed with your assigned Loan Specialist once your application is submitted to best customize an option for your business.




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.