 TITLE: Can You Get a Personal Loan to Start a Business? CONTENT: Personal loans are among the most versatile forms of credit available. While some lenders do restrict how you can use your funds—including for starting a business—there are others that don't include business purposes on their exclusion list.\nLenders may state on their website whether they allow borrowers to use loan funds to start a business. If you can't find that information, it's best to carefully look through your loan agreement and be honest about your intentions on any forms you fill out.\nIf you're still unsure, contact the lender to let them know what you plan to use the money for and ask if it's allowable under their terms and conditions. The lender may prohibit borrowers from using their loans for business purposes and could require immediate debt repayment if it's determined you did it anyway. END