Small Business Working Capital Loans Tips, Info & FAQs
A government-backed loan program to assist small businesses by providing access to financing for working capital, equipment purchase, or real estate acquisition
Through our partner, NEWITY, we make Small Business Working Capital Loans available to members.
Qualify for a loan of up to $500,000 in less than ten minutes without impacting your credit score.
Business Benefits
As compared to other loans, SBA 7(a) loans provide unique benefits:
- Higher likelihood of approval
- Lower interest rates
- Longer loan term
- No down payment
- No collateral required
- Multiple allowable uses
- Frees up capital for other business improvements
How to Qualify for an SBA 7(a) Loan Up to $500,000
The top four requirements to receive an SBA 7(a) loan up to $500,000 through our partner, NEWITY.
SBA loans offer some of the lowest interest rates and highest approval rates as a government-backed product. What are the minimum requirements to be approved for an SBA 7(a) loan through NEWITY?
Credit Score: 670+
Their system requires a minimum credit score of 670 for all 20%+ owners. Their application will check these scores without impacting your credit.
Time in Business: At least 12 months
If you’ve been in operation for one year, you can access a loan of up to $50,000 through their platform. If your business has been in operation for three years, you could receive an SBA loan of up to $500,000.
Revenue: At least $50,000 on average, annually
Their team will confirm your business has at least $50,000 in average annual revenue. While your loan size will vary based upon your annual revenue, generally, higher annual revenue results in higher loan amounts.
SBA Eligibility: Location, Size, and Industry
Businesses must meet the SBA’s basic eligibility criteria, which include confirming your business operates in the United States, is small in size, and isn’t in an ineligible industry. If you received a Paycheck Protection Program loan, you likely meet these criteria.
From Our Blog
Resources
Next Step
Go To Next StepSmall Business Working Capital Loans Why United Texas
Small Business Working Capital Loans
Through our partnership with NEWITY, you may take advantage of the following benefits:
- Expert Team. They have assisted 120,000+ businesses access $11.4 billion; getting capital to entrepreneurs is what they do.
- Online Application. Built to streamline SBA to simplify the process. Available anytime from anywhere.
- Real Support. Their 100% U.S.-based team is standing by and ready to help via email, phone, or chat.
Reviews
We don't have reviews for this, yet.
Share your story about Small Business Working Capital Loans at United Texas?
Review Small Business Working Capital Loans from United Texas
Next Step
Go To Next StepSmall Business Working Capital Loans How it Works
How to Apply
Simply create your NEWITY Account to apply for an SBA 7(a) loan. Click the “Get Started” button.