What documents do you need to apply for a loan?
No documents are required to complete our loan application, which determines your eligibility for an SBA 7(a) loan within 10 minutes without impacting your credit score.
Once you've qualified for an SBA 7(a) loan, we'll need the following documents:
- 2023 Business Tax Return – Full, unredacted business tax returns with all supplementary schedules attached for the most recent tax year.
- 2023 Personal Tax Return – Full, unredacted personal tax returns with all supplementary schedules attached for the most recent tax year. These are required for majority owners of the business (20%+).
- Past 3 Months of Bank Statements – Account statements for the three months preceding the date of the loan request.
If you haven't filed your 2023 taxes or your business meets other special circumstances, like affiliated businesses or a majority owner that isn't a U.S. Citizen, you may need to provide additional documents, which are outlined at the bottom of this SBA 7(a) Document Checklist.
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.