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

Can I refinance credit card debt with a 7(a) loan?

Yes, credit card debt can be refinanced with an SBA 7(a) loan if the expenditures that comprise the credit card debt were for business purposes. Note, applicants will need to certify that the expenses were business-related and provide statements to verify the uses of the credit card.

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.