The term "other business purposes" is a broad and vague phrase that can refer to any number of activities or transactions related to running a business. Full definition
A local developer needed cash - out of their commercial property to use for other business purposes. (montegra.com)
Cash Out Loan — This is a loan secured by a property that the borrower already owns but wants to refinance in order to «cash out» the equity and put it toward other business purposes. (montegra.com)
Investors usually don't do much driving to or from their rental properties or for other business purposes because (by definition) they are not actively involved in the management of their rental properties. (nolo.com)