If the IRS is able to connect the dots between your credit to the third party and the loan to your IRA, then the IRA will be declared invalid and fully taxable on any accumulated income -- because the transaction
will have actually taken place with a "disqualified person" (you). As an arm's length transaction with a third party, however, you can borrow the money and use it for your purposes within the IRA.
So, to paraphrase the immortal words of the late President, Richard M. Nixon, "Don't get caught."
Hope this helps.
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