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 application in your NEWITY account.
NEWITY LLC and its affiliates are not lenders participating in the SBA’s 7(a) loan program. NEWITY LLC is a lender service provider for Northeast Bank, a lender participant in the SBA’s 7(a) loan program. SBA 7(a) loans are ultimately processed and approved by a lender participant in the SBA’s 7(a) loan program.