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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 9.75% 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%.

At the current WSJ Prime rate of 6.25%, NEWITY's SBA 7(a) loan interest rate can be calculated as 7% + 2.75% = 9.75% per year total interest.

 

Last Updated: November 8, 2022