10 Things Business Loans Can Be Used For

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
1. Using a Business Loan for Daily Operations
2. Using a Business Loan for Equipment
3. Using a Business Loan for Business Improvements/Enhancements
4. Production
5. Using a Business Loan for Debt Refinancing
6. Using a Business Loan to Purchase Inventory
7. Using a Business Loan for Marketing/Staying Competitive
8. Using a Business Loan to Expand Your Business
9. Using a Small Business Loan for an Acquisition
10. Using a Business Loan to Cover Startup Costs
What Not to Use Business Loans For
What Counts as a Personal Expense?
Using a Business Loan to Purchase a Personal Home
Using a Business Loan to Purchase a Personal Vehicle
Using a Business Loan to Pay Off Personal Debt
SBA 504 Restrictions
Start-up costs Office supplies Business acquisition Working capital Inventory
SBA 7(a) Restrictions
Reasons to Get a Business Loan
Looking for a Business Loan?
Frequently Asked Questions
Photo credit: iStock/kate_sept2004
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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