Newity No Longer Funding SBA Startup Micro
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  1. #1

    Newity No Longer Funding SBA Startup Micro

    The program previously accepted businesses with only 3 months TIB. Does anyone know of a lender that offers something similar?

  2. #2
    They have been my go-to for small SBA deals and short TIB deals.

    Not many still offering the sub-$150k deals. Smartbiz does but requires 3+ years TIB so not much help there.

  3. #3
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    Quote Originally Posted by GCG View Post
    The program previously accepted businesses with only 3 months TIB. Does anyone know of a lender that offers something similar?
    I'm signed on with them but actually have never used them. Do you have a link? Is it just them restricting TIB?

  4. #4
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    Quote Originally Posted by etci View Post
    They have been my go-to for small SBA deals and short TIB deals.

    Not many still offering the sub-$150k deals. Smartbiz does but requires 3+ years TIB so not much help there.
    BayFirst is the only one I know of that has backed out of that space. The rest may have tightened a bit but at least in my experience I have not noticed any major pullback from that space.

  5. #5
    Quote Originally Posted by Incbiz440 View Post
    I'm signed on with them but actually have never used them. Do you have a link? Is it just them restricting TIB?
    Sure here is portal - https://partner.newitymarket.com/business-loans

    Yes TIB. Minimum 2 years overall and 4 for some industries (e.g. construction).

  6. #6
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    Quote Originally Posted by GCG View Post
    Sure here is portal - https://partner.newitymarket.com/business-loans

    Yes TIB. Minimum 2 years overall and 4 for some industries (e.g. construction).
    Thanks - was referring to the notice. I really don't get anything from them email wise.

  7. #7
    Quote Originally Posted by Incbiz440 View Post
    Thanks - was referring to the notice. I really don't get anything from them email wise.
    https://newitymarket.com/wp-content/...ber-2025-2.pdf

  8. #8
    Anyone have a Contact for Newity?

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