Business Insights

Debt Refinance; Boost your Business with an SBA 7(a) loan

Updated on July 17, 2024
Category: Newsletters

Refinancing your debt can be a game-changer. If you’re carrying high interest debt, you’re not alone. Making high monthly payments can impair your cash flow and damage your credit score if you fall behind. Learn more about your credit score here. With a high-rate environment, how can you lower the interest rate on your debt?

Enter the SBA 7(a) Loan – A Jack of all Trades

While SBA loans are typically used for payroll, inventory, rent, 1099 payments, utilities, marketing, and other working capital needs, they can also be used to refinance high interest rate debt.

At NEWITY, we make it easy to secure growth capital and refinance your high interest rate debt. Indicate how much debt you’d like to refinance and how much growth capital you could use.

As you start the application process, you’ll see just how easy it is to apply for a 7(a) loan, regardless of what the funds will be used for. For example, it still takes less than 10 minutes to apply for debt refinancing and doesn’t impact your credit score.

Kick off the second half of 2024 with new growth funds and a lower interest balance.

Get Started Today

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