# Newity

Source: https://businessloanbroker.ai/lenders/newity/
Site: BusinessLoanBroker.ai (powered by Levr)

> Newity arranges SBA 7(a) loans up to $350,000 at prime plus 2.75% to 3.75% on 10 year terms for US businesses at least two years old.

Newity is a Chicago based fintech that connects small business owners with SBA 7(a) loans up to $350,000, with Northeast Bank as the actual lender. It funds US businesses at least two years old that want low rate, government backed financing on a 10 year term, priced at prime plus 2.75% to 3.75%.

## Key facts
- **Products:** SBA 7(a) loans; business term loan (growth term loan fundings currently paused)
- **Funding range:** SBA 7(a) up to $350,000; Made in America and Grocery Guarantee programs up to $1,000,000
- **Repayment:** Fixed 10 year terms; SBA pricing variable at WSJ Prime plus 2.75% to 3.75%
- **Security:** SBA 7(a) unsecured below $50,000; collateral required above
- **Operates in:** United States
- **Industries:** General small business, with specialist programs for grocery and food retail, agriculture and US manufacturing
- **Founded and headquarters:** 2020, Chicago, Illinois

## What does Newity offer?

Newity offers [SBA 7(a) loans](https://businessloanbroker.ai/business-loans/sba-7a-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](https://businessloanbroker.ai/business-loans/sba-microloans/) or our [under one year](https://businessloanbroker.ai/situations/under-one-year/) page, and one needing more than $350,000 on a 7(a) should look at [Live Oak Bank](https://businessloanbroker.ai/lenders/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)](https://businessloanbroker.ai/business-loans/sba-7a-loans/) 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](https://businessloanbroker.ai/guides/document-checklist/) covers everything, and [what you need to apply](https://businessloanbroker.ai/apply/what-you-need/) shows how to upload once.

## How does Newity compare with similar lenders?

[Live Oak Bank](https://businessloanbroker.ai/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](https://businessloanbroker.ai/lenders/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](https://businessloanbroker.ai/agents/). 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.

| Lender | Products | Funding range | Operates in | Best suited for |
|---|---|---|---|---|
| Newity | SBA 7(a) loans, term loan | SBA 7(a) up to $350,000; specialist programs to $1,000,000 | United States | US businesses at least two years old seeking low rate SBA backed financing |
| Live Oak Bank | SBA loans, conventional loans, Live Oak Express | Not published | United States | US businesses in an industry Live Oak specializes in, buying or expanding |
| Ready Capital | SBA 7(a), commercial real estate, construction and bridge | Not published | United States | US businesses wanting an SBA 7(a) loan from a non bank, or investors needing CRE finance |

## Questions and answers
**Who is the lender on a Newity SBA loan?**

Northeast Bank. Newity is a lender service provider that handles the application and underwriting, and the bank makes the loan under the SBA 7(a) program.

**What rate will I pay?**

Variable, at WSJ Prime plus 2.75% to 3.75%, as published, on a fixed 10 year term. SBA guarantee fees may be added.

**Do I need collateral?**

Not for loans below $50,000, as published. Above that, collateral is required, and the SBA also expects a personal guarantee from owners of 20% or more.

## Related
- [Live Oak Bank](https://businessloanbroker.ai/lenders/live-oak-bank/)
- [Ready Capital](https://businessloanbroker.ai/lenders/ready-capital/)
- [SBA 7(a) loans](https://businessloanbroker.ai/business-loans/sba-7a-loans/)
- [SBA loans](https://businessloanbroker.ai/business-loans/sba-loans/)

## Apply
Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-lender-newity
MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)