Loan proceeds will be used to refinance a business loan . . . and cash out to pay off credit cards
If the primary purpose of the loan remains for a business purpose then it will remain exempt. If the primary purposes has shifted to consumer, i.e. the credit cards are personal and the amount to pay them off exceeds the business loan payoff, then it becomes a consumer loan and would be disclosed as such.
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The opinions expressed are mine and they are not to be taken as legal advice.