We are pleased to announce our firm has recently been selected to roll out a new, bank-issued, 10 Year, Low-Cost Term Loan, up to $350,000, on a national basis!
The NEWITY Growth Loan features low monthly payments with target interest rates between 15% and 20%, and no pre-payment penalty.
Loan proceeds can be used to expand the business, purchase equipment, hire new employees, pay vendors, cover payrolls, and provide working capital to
“take your business to the next level.”
But here’s the BIG NEWS!
A NEWITY Growth Loan can also be used to re-finance HIGH-COST DEBT including MCA’s because it’s NOT an SBA loan, and no SBA approval is required!
Since 2020, NEWITY has helped over 125,000 business owners access over $11 Billion in capital.
See Highlights Below:
- Loan amounts from $25,000 up to $350,000
- 10 Year Term with low monthly payments
- Target interest rates range from 12% to 24%
- No pre-payment penalty after 24 months
- Use for any business purpose
- Pay-off high cost loans including MCA’s
- Minimum time in business -one year
- Minimum annual revenue- $100,000
- Minimum credit score-640
- Minimum entity US citizen ownership -51%
- NO SBA approval required- not an SBA loan
