Once you’re approved for a SkyCap loan, a lump sum of liquid money will be deposited directly into your bank account. Afterward, you’re free to use said money however you like, provided you can afford to pay it back with interest and fees.
That said, debt from a loan can definitely affect your budget, so it’s best to only use the funds for important expenses, such as:
Home repairs or maintenance
Vehicle repairs or maintenance
Small business expenses
Various medical costs
Utility, phone, and internet bills
High-interest debt consolidation (payday loans, credit card bills, etc.)