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

Do I have to use the entire SBA 7(a) loan to refinance my debt?

No, you may use a portion of your SBA 7(a) loan funds to refinance debt. The balance of your SBA 7(a) loan can be used for working capital, such as rent, payroll, utilities, marketing, inventory and more. 

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.