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  2. SBA 7(a) Small Business Loans

What should I select as the Borrower Type on the Owner Details page?

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.