What Can a Business Loan 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.
Common Uses for Business Loans
Existing Business
1. Daily Operations
2. Equipment
3. Business Improvements/Enhancements
4. Production
5. Debt Refinancing
Starting a Business
6. Expanding
7. Acquisition
8. Start-Up Costs
What Not to Use Business Loans For
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?
About the Author
Susan Guillory is the president of Egg Marketing, a content marketing firm based in San Diego. She’s written several business books, and has been published on sites including Forbes, AllBusiness, and Cision. She enjoys writing about business and personal credit, financial strategies, loans, and credit cards. Follow her on Twitter @eggmarketing.
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