Support Home Applying for a Loan What can I use the loan proceeds for? What can I use the loan proceeds for? You can use your loan proceeds to start or expand a business. Was this article helpful? 1 0 Related Questions: When and how do I receive my loan funds? If you accept your loan before 5:00pm EST Monday-Friday, you...… Can I change my loan application after it has been submitted? You will not be able to edit your application once...… How does applying for a loan affect my credit? Checking your rate on DreamSpring.Upstart.com will not affect your credit...…