Support Center
Member Resource 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
Back to home
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 credit score do I need for a loan?
What are the loan terms?
Do you provide loans for startups?
Is there any collateral required for an SBA 7(a) Loan up to $250k through NEWITY?
Who can help me answer questions about filling out the application?
What are the eligibility requirements for an SBA 7(a) loan?
Do you offer SBA 7(a) loans for every state?
How can I apply for an SBA 7(a) loan?
Does debt refinance cover prepayment penalties?
What is a working capital loan?
Does NEWITY provide loans for bad credit?
How long does it take to get a loan?
How do I know which loan option is best for me?
What is the interest rate for an SBA 7(a) Working Capital Loan through NEWITY?
Can I make payments in my NEWITY account?
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?
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?
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?
Does the loan application impact my credit score?
Does NEWITY sell my information to other lenders?
Is NEWITY a bank?
How does NEWITY recommend loan options?
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 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, who services my loan?
What is the loan term for an SBA 7(a) Working Capital Loan through NEWITY?
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?
How long do I need to be in business to qualify?
What is the monthly payment for an SBA 7(a) Small Business Loan through NEWITY?
What are the eligibility requirements for debt refinance?
Who can I speak with after I submit my loan application?
How do I submit a loan application?
Can I apply for an SBA 7(a) small business loan through NEWITY if I am not a U.S. Citizen?
What types of capital does NEWITY provide?
I need to change to my loan application, but I already submitted it.
Is a Business Debt Schedule required documentation to apply for an SBA loan?
What can I expect after I submit my loan application? What are the next steps?
Can I complete a loan application on my phone or tablet?
What documents are required to apply for an SBA 7(a) Small Business Loan?
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 withdraw my application?
Can I just apply for an SBA 7(a) loan?
What are the qualifications to apply for an SBA 7(a) Small Business Loan?