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Why do we ask about how you’ll use the funds?

We ask about your funding use to match you with lenders whose programs align with your goals.

WeLendIt Support avatar
Written by WeLendIt Support
Updated over 6 months ago

When we ask how you plan to use your funds, it’s because:

  • Lenders often focus on specific use cases, such as working capital, expansion, inventory, or payroll.

  • By understanding your funding purpose, we can better match you with the lenders and programs that support your goals.

  • This helps ensure your funding experience is tailored to your needs—improving your chances of approval and helping you get the most out of your funding.

Being transparent about your funding plans helps us advocate for you with the right lending partners.

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