Newity

What does Newity offer?

Newity offers SBA 7(a) loans up to $350,000 on fixed 10 year terms, with variable pricing at WSJ Prime plus 2.75% to 3.75%. Loans below $50,000 are unsecured; above that, collateral is required. Its Made in America and Grocery Guarantee programs go up to $1 million for US manufacturers and grocery or food retailers. Newity is a lender service provider: it runs the application and underwriting process, and Northeast Bank makes the loan. Its growth term loan is currently paused. Its website is newitymarket.com, and it publishes more than $12 billion accessed for over 125,000 businesses, as a company figure.

Who does Newity fund, and who do they decline?

Newity funds US small businesses that are at least two years old, which is its one published minimum, across general industries plus its specialist grocery, agriculture and manufacturing programs. Because the loans are SBA guaranteed, SBA eligibility rules also apply: for profit, US based, within SBA size standards, and owners with no recent federal defaults.

It does not publish decline criteria beyond the two year rule. A business under two years old should compare SBA microloans or our under one year page, and one needing more than $350,000 on a 7(a) should look at Live Oak Bank.

What does it typically cost and how fast is it?

Newity is one of the few lenders in this directory with published pricing: WSJ Prime plus 2.75% to 3.75%, variable, on a fixed 10 year term. With prime in the mid to high single digits, that lands in the low double digits, which is far below any online term loan or cash advance. SBA guarantee fees may apply on top; our SBA 7(a) page explains them. Funding speed is not published; small SBA 7(a) loans typically take a few weeks from a complete file.

What will you need to apply?

Prepare the SBA package: two to three years of business and personal tax returns, year to date financial statements, a debt schedule, personal financial statements for each owner of 20% or more, formation documents and owner ID. Our document checklist covers everything, and what you need to apply shows how to upload once.

How does Newity compare with similar lenders?

Live Oak Bank is a national SBA bank with industry teams and no published cap below the $5 million program limit, so it suits larger acquisitions and expansions. Ready Capital is a non bank SBA Preferred Lender offering 7(a) loans alongside commercial real estate finance. Newity's niche is the small 7(a) loan up to $350,000 with transparent pricing and a mostly digital process.

How to apply

Apply once on this site and matching shows whether Newity, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our MCP server. A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you.