NEWITY, a small business marketplace dedicated to creating equitable access to small business loans and trusted business service providers, today announced the expansion of its loan solutions to include SBA 7(a) loans up to $250,000.
Small businesses are America’s lifeblood, comprising 44% of national GDP, creating 62% of new jobs, and representing 99.9% of all U.S. businesses. Despite the government’s recent efforts to support entrepreneurs, small businesses are failing to keep up with major corporations amid the current economic landscape.
From Crain's Chicago Business - A chat with the co-founder of NEWITY, a Chicago-based adviser to small businesses and an administrator of government-backed loan programs.
As is apparent from this week’s list of SBA Lenders, small businesses demand small balance loans, but there remains room for improvement to reach underserved owners.
Experts say its time to take a close look at your finances--and start digging your trench.
NEWITY, America’s Small Business Marketplace, has selected award-winning insurtech Mylo to provide its members with expert insurance coverage. NEWITY’s marketplace provides entrepreneurs with equitable access to SBA loan solutions and trusted business services within its smart, digital platform. Mylo’s proprietary technology delivers customized insurance advice and solutions from top carriers for a wide range of needs. This powerful combination will enable business owners to finance and protect their companies – all in one place.
NEW YORK - FEBRUARY 28, 2022 - Breef (www.breef.com), the world’s first online agency marketplace, has announced a partnership with NEWITY, the small business marketplace dedicated to supporting equitable access to SBA loans and trusted business service providers. As NEWITY’s official Marketing Services Partner, Breef is helping NEWITY’s community of 115,000 and growing small business members more easily access marketing agency resources and extend their growth opportunities.
Praxent is helping NEWITY transform from a loan purchaser and servicer to delivering a fully integrated technology platform that offers affordable loan options and back-office capabilities to small businesses, a dramatically underserved market. With Praxent’s design and development expertise, NEWITY’s user experience, functionality and integrations have all been significantly enhanced, better positioning the fintech for strong growth.
NEWITY is now launching a nationwide small-dollar Small Business Administration 7(a) business. NEWITY, a company created to purchase and service Paycheck Protection Program loans, always knew it would have to pivot its business model once PPP activity began winding down.