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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 December 31, 2019, borrowers identified their intended use of loan proceeds by unit distribution as follows:

  • debt consolidation (approximately 66.5%)
  • home improvement (approximately 14.6%)
  • business use, such as financing a home-based or small business (approximately 0.1%)
  • financing of medical/dental procedures (approximately 2.1%)
  • other (approximately 16.7%)

Please refer to our Prospectus for the most up-to-date information on borrowers' stated loan purposes.

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