Guarantor – This selection should be used when an individual or business owns 20% or more of the applicant entity
Owner – This selection should be used when a non-primary borrower/guarantor that is an individual or business is added to an application and owns less than 20% of the applicant entity
NEWITY LLC and its affiliates are not lenders participating in SBA’s 7(a) loan program. SBA 7(a) loans are ultimately processed and approved by a lender participant in SBA’s 7(a) loan program.