1. Support Center
  2. SBA 7(a) Small Business Loans

Can I consolidate debt with a 7(a) loan?

Yes, by refinancing your existing debt with a 7(a) loan, you only need to pay a monthly repayment. NEWITY will pay-off your existing debt using proceeds from your 7(a) loan. 

To determine if you qualify for an SBA 7(a) loan, get started by submitting the prescreen loan application in the NEWITY Portal. It takes less than 15 minutes and does not impact your credit score. 




NEWITY LLC and its affiliates are not lenders participating in SBA’s 7(a) loan program.  SBA 7(a) loans are ultimately processed and approved by a lender participant in SBA’s 7(a) loan program.