What can I use the loan proceeds for?

You can use your loan proceeds for almost anything.  However, loan proceeds cannot be used for student loans, student loan consolidation, or illegal gambling.  The following are examples of permissible loan use:

  • Paying down high-interest credit cards or other debt

  • Start or expand a business

  • Pay medical bills

  • Make a large purchase

  • Relocate

  • Travel

  • Home repairs or improvements

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