Ann: MoneyMe closes Bond issuance - Supporting Growth, page-5

I don't really understand the difference -

Warehouse - can only be used to create new loans? Similar to leverage?

Bonds - can be used for anything? But I don't understand the need, since shouldn't the warehouse facility free up all other cash for other purposes, since the loans themselves are fully covered by low cost warehouse funding?

The warehouse requires security, in the form of loans to be able to offer the low rate? While marketing costs etc doesn't work as security. And they don't have enough 'cash' to fund the non-loans expenditure?

Like if they wanted to spend $10m on dev for a new division and marketing, then the warehouse could not be used for that. Assuming they don't have $10m cash to cover it (I forget their cash balance), then that's where the bonds come in?