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Support Center
SBA 7(a) Small Business Loans
Portal Login Issues & General Support
PPP Forgiveness
SBA 7(a) Small Business Loans
Employee Retention Credit
Breef Marketing
Cultivate Advisors
Mylo Insurance
Xendoo
Customer Experience - Feedback
SBA 7(a) Small Business Loans
Answers to common questions about SBA 7(a) small business loans.
What can I expect after I submit my Prescreen application? What are the next steps?
What documentation is required to apply for an SBA 7(a) Small Business Loan?
Is there any collateral required for an SBA 7(a) Small Business Loan up to $250k through NEWITY?
How can I add an individual guarantor to my 7(a) loan application?
How do I submit my SBA 7(a) Working Capital Loan application?
I'm having an issue with the E-sign of my 7(a) loan application, or I have not received it at all
Can I apply for an SBA 7(a) small business loan through NEWITY if I am not a U.S. Citizen?
How can I add an additional owner in my 7(a) loan application?
How can I add business ownership as a guarantor in my 7(a) loan application?
How can I add affiliates during my 7(a) loan application?
How do I fill out the Business Debt Schedule?
Can I speak with my Relationship Manager through email about my application?
I received an email from my assigned Relationship Manager requesting required documentation, how can I provide them the documentation?
How can I withdraw my application?
Who may I speak with and how do I get in contact with someone when I have a question about filling out the application, specific questions on the form, or the required documentation?
What is the interest rate for an SBA 7(a) Working Capital Loan through NEWITY?
What are the eligibility requirements for an SBA 7(a) loan?
Do you offer SBA 7(a) loans for every state?
Can I just apply for an SBA 7(a) loan?
How can I apply for a 7(a) loan?
Does debt refinance cover prepayment penalties?
What is a working capital loan?
Does NEWITY provide loans for bad credit?
What types of capital does NEWITY provide?
How long do I need to be in business to qualify?
How long does it take to get a loan?
What are NEWITY’s loan terms?
How do I know which loan option is best for me?
How can I make payments in the NEWITY Smart Portal?
Is the Personal Financial Statement (PFS) and Business Debt Schedule required documentation to apply for this loan?
What are the eligibility requirements for debt refinance?
What is an SBSS score?
What credit bureau do you use? Will my application impact my credit score?
I operate as a sole proprietorship and do not have additional employees, am I eligible to apply for this loan?
My business has multiple owners, do I have to add all of them to the application?
I am encountering an error when trying to upload my documents to the placeholders on the Upload Supporting Documents page.
Are there any restrictions on how I can spend the funds?
What is the turnaround time for funding on my application?
What is the turnaround time for a decision on my application?
What does the status I see on my Portal Dashboard mean? How many different statuses are there?
Can I provide my IRS tax transcripts in place of my tax returns to suffice the documentation requirement?
How do I create a Profit & Loss Statement?
How do I create a Balance Sheet?
I have not filed my most recent year tax return, can I still apply for the loan?
What should I select as the Borrower Type on the Owner Details page?
I do not use interim financial statements such as a P&L and Balance Sheet in my business operations, are these documents still required?
What is the maximum loan amount I can apply for?
What is a Business Debt Schedule?
What is the difference between short-term debt and long-term debt?
Why did the interest rate on my funded loan change?
How can I contact my Relationship Manager?
Does the pre-screen application impact my credit score?
Does NEWITY sell my information to other lenders?
Is NEWITY a bank?
How does NEWITY recommend loan options?
Do you provide loans for startups?
What credit score do I need for a NEWITY loan?
What types of business capital or loans are available through NEWITY?
What is debt refinance?
How much does it cost to refinance my debt?
How can I use the funds received from an SBA 7(a) Working Capital Loan for my business? Can they be for one use or multiple uses?
What happens when I refinance my debt with a 7(a) loan?
What types of debt can I refinance with a 7(a) loan?
Why would I want to refinance debt with a 7(a) loan?
Can I refinance credit card debt with a 7(a) loan?
Can I consolidate debt with a 7(a) loan?
What are the benefits of refinancing debt with a 7(a) loan?
Can I refinance personal debt with a 7(a) loan?
Do I have to refinance my debt if I get a 7(a) loan?
How will I know if I can refinance my debt with a 7(a) loan?
How can I refinance debt with a 7(a) loan?
Do I have to use the entire SBA 7(a) loan to refinance my debt?
Can I use an SBA 7(a) loan to refinance debt?
What is an SBA 7(a) loan?
If I receive an SBA 7(a) loan through NEWITY’s portal, who services my loan?
Who can help me complete my SBA 7(a) loan?
How can I check the status of my SBA 7(a) Small Business Loan application?
What is the monthly payment for an SBA 7(a) Small Business Loan through NEWITY?
How should I fill out the Personal Financial Statement on my 7(a) application?
Can I complete the 7(a) loan application on my phone or tablet?
I made an error or need to make a change to my SBA 7(a) Working Capital Loan application, and I have already submitted my application.
What is the loan term for an SBA 7(a) Working Capital Loan through NEWITY?
What are the qualifications to apply for an SBA 7(a) Small Business Loan?
What is equipment finance?
Can I get an SBA 7(a) loan and equipment finance?
How quickly will I receive my equipment financing?
Are there closing costs associated with equipment financing?
What are the repayment terms for equipment finance?
What industries can get equipment finance through NEWITY’s portal?
What credit score is required for equipment financing?
How long do I need to be in business to receive equipment financing?
Can I pay-off my equipment financing early?
How much money can I receive in equipment finance?
What are the eligibility requirements for equipment finance through NEWITY’s portal?
What type of information do I need to provide to receive equipment financing?
Can I receive equipment finance as a sole proprietor?
Does applying for equipment finance impact my credit score?
What types of equipment can I finance?