Case Study: Newity streamlines SBA loan workflows with Biz2X

Newity streamlines SBA loan workflows with Biz2X, funding 500+ loans in 2023

Newity, a small business capital provider based in Chicago, needed a nimble and efficient turnkey platform to streamline its unique SBA 7(a) loan application process. Their challenge was to create a highly-customized workflow to drive high loan volume through their platform, as they facilitate loans that are ultimately processed and approved by partner banks. They selected the Biz2X SBA 7(a) platform to achieve this.

Biz2X provided a highly customized solution that stabilized Newity's unique workflows, specifically for their partnership with Northeast Bank. The results were significant, with over 500 SBA 7(a) loans funded through the Biz2X platform in 2023 and more than 6,500 loans reviewed. The solution also drastically improved efficiency, reducing the application review timeline from Newity to their partner bank to just 15 days on average.

Newity