Growth Term Loans
up to $350,000
Business funding without the government red tape
Unlock versatile growth capital that’s designed to help your business thrive. With a rapid review process and generous terms, NEWITY Growth Term Loans empower you to scale your business with confidence.
Affordable, Flexible Business Financing
NEWITY Growth Term Loans provide long-term, affordable capital to fuel your ambition and accelerate your success with higher approval rates compared to traditional bank loans and no down payment or deposit required.
Growth Term Loans vs. SBA 7(a) Loans
Growth Term Loans provide key benefits for growing your small business that are not available through SBA 7(a) loans.
Faster Processing
Streamlined to get you funding when you need it. No government red tape holding you back.
Higher Loan Amounts
Borrow up to 50%* more capital than compared to what the SBA 7(a) loan program allows.
Eligible after 1+ Year
Apply as early as 1-year in business. Providing you freedom to scale on your own terms.
Debt Refinancing
Refinance your high-interest rate business debt, including Merchant Cash Advance (MCA) loans.
- 10-Year Terms
- Low Monthly Payments
- No Credit Impact
Your business may qualify if you meet these requirements
Loan amounts up to $350,000 available
Hear what our members have to say about us
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Most frequently asked questions about Growth Term Loans® loans
Learn more about NEWITY Growth Term Loans and how you can apply for funding to grow your small business.
What is a NEWITY Growth Term Loan?
NEWITY Growth Term Loans are small business working capital loans provided by NEWITY & Northeast Bank and are available to small businesses owned and operated within the United States.
Is a NEWITY Growth Term Loan an SBA Loan?
No, NEWITY Growth Term Loans are not SBA loans. They are small business loan products created and offered by NEWITY & Northeast Bank up to $350,000.
While similar to SBA 7(a) working capital loans, NEWITY Growth Term Loans have more flexible uses and different eligibility criteria.