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What is the interest rate for an SBA 7(a) Working Capital Loan through NEWITY?

The current interest rate for a NEWITY SBA 7(a) loan is 11.25% per annum.

The interest rate for 7(a) working capital loans is variable because it is based on the Wall Street Journal (WSJ) Prime Rate, plus 2.75%.

As of October 2023, the prime rate is 8.50% in the U.S., which can be monitored via The Wall Street Journal’s Money Rates table.

At the current WSJ Prime rate of 8.50%, NEWITY's SBA 7(a) loan interest rate can be calculated as 8.50% + 2.75% = 11.25% per year total interest.


Last Updated: October 1, 2023



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.