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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
SBA 7(a) Small Business Loans
Answers to common questions about SBA 7(a) small business loans.
What is the interest rate for an SBA 7(a) Working Capital Loan through NEWITY?
How can I apply for a 7(a) loan?
Can I just apply for an SBA 7(a) loan?
Is NEWITY a bank?
Does NEWITY sell my information to other lenders?
Does the pre-screen application impact my credit score?
If I receive an SBA 7(a) loan through NEWITY’s portal, who services my loan?
Who is Fundation?
What types of loans does Fundation offer?
What are the eligibility requirements for an SBA 7(a) loan?
What documentation is required to apply for an SBA 7(a) Small Business Loan?
Who can help me complete my SBA 7(a) loan?
How can I add an individual guarantor to my 7(a) loan application?
How can I add affiliates during my 7(a) loan application?
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 contact my Relationship Manager?
Can I speak with my Relationship Manager through email about my application?
Why did the interest rate on my funded loan change?
What is the difference between short-term debt and long-term debt?
What is a Business Debt Schedule?
Can I apply for an SBA 7(a) small business loan through NEWITY if I am not a U.S. Citizen?
Is there any collateral required for an SBA 7(a) Small Business Loan up to $250k through NEWITY?
What is the maximum loan amount I can apply for?
I do not use interim financial statements such as a P&L and Balance Sheet in my business operations, are these documents still required?
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 can I make payments in the NEWITY Smart Portal?
What should I select as the Borrower Type on the Owner Details page?
I'm having an issue with the E-sign of my 7(a) loan application, or I have not received it at all
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?
I have not filed my most recent year tax return, can I still apply for the loan?
How should I fill out the Personal Financial Statement on my 7(a) application?
How do I create a Balance Sheet?
How do I create a Profit & Loss Statement?
Can I complete the 7(a) loan application on my phone or tablet?
Can I provide my IRS tax transcripts in place of my tax returns to suffice the documentation requirement?
What can I expect after I submit my application? What are next steps?
What does the status I see on my Portal Dashboard mean? How many different statuses are there?
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.
I received an email from my assigned Relationship Manager requesting required documentation, how can I provide them the documentation?
What is the turnaround time for a decision on my application?
What is the turnaround time for funding on my application?
How can I withdraw my application?
Are there any restrictions on how I can spend the funds?
What is the loan term for an SBA 7(a) Working Capital Loan through NEWITY?
I am encountering an error when trying to upload my documents to the placeholders on the Upload Supporting Documents page.
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?
How do I submit my SBA 7(a) Working Capital Loan application?
My business has multiple owners, do I have to add all of them to the application?
I operate as a sole proprietorship and do not have additional employees, am I eligible to apply for this loan?
Is the Personal Financial Statement (PFS) and Business Debt Schedule required documentation to apply for this loan?
What is a working capital loan?
What credit bureau do you use? Will my application impact my credit score?
What is an SBSS score?
How do I fill out the Business Debt Schedule inside the 7(a) application?
What are the qualifications to apply for an SBA 7(a) Small Business Loan?
Why do I see a Fundation loan, but not an SBA 7(a) loan?