Yes, you can use an SBA 7(a) loan to refinance debt. To determine if you qualify for 7(a) debt refinance, start by submitting the loan prescreen application in the NEWITY Portal.
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.