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For what purposes do borrowers request loans on our marketplace?

For borrower loans originated through our marketplace by WebBank between July 13, 2009 and September 30, 2015, borrowers identified their intended use of loan proceeds by unit distribution as follows:

  • debt consolidation (approximately 75%)
  • home improvement (approximately 6%)
  • business use, such as financing a home-based or small business (approximately 3%)
  • medical/dental, for financing procedures (approximately 2%)
  • other (approximately 14%).
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