If you're interested in applying for an SBA 7(a) loan, you'll need to first know if your business qualifies.
To qualify for an SBA 7(a) Working Capital Loan, your business must be:
- In operation for at least two months as a for-profit business
- US-based location and operations
- Owner supported / owner funded
- Eligible per the SBA’s requirements
- Loan size determined by average annual revenue of the business and FICO score
To see if you qualify for an SBA 7(a) loan, submit the loan application in your NEWITY account. It takes less than 10 minutes and does not impact your credit score.
This information was updated last on: June 1, 2024
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.