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Why did the interest rate on my funded loan change?

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

The interest rate on your funded loan will adjust every calendar quarter if the Wall Street Journal (WSJ) Prime Rate changes.  

Please review the Payment Terms section of SBA Note Form 147 included in the Closing packet sent to you for more details.  




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.