It can be for anything, however, you'll have to pay taxes not paid (non Roth 401k), And an additional 10%. You'll have to pay it back in a period of time as well.

Early Distribution of IRA, 401K & Other Retirement Accounts - Penalty on Early Distributions

Here you go guys:

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Be careful, yes you can take a loan out against your stock. But it is sold and placed into a holding account accruing interest but it is sold stock, you lose the shares.

any questions PM

No tax implications for a loan, now an early withdrawal is another story.

NFL ticket and NHL center ice are awesome. Last Sunday we started at noon. The last game ended a lot later. Somehow someone found some tequila and some shot glasses. Tequila tastes better after dozens of beers. We had a bow and arrow set one of the guys picked up in Africa. Target practice ensued. Those rusty barbs cause a lot of blood when you pull them out of another dudes hand. Luckily, my neighbors wife is a nurse. She comes downstairs, makes the dude drop his drawers, and sticks a BIG ol' needle in his a$$....tetanus shot. That was just one of the many juvenile things we did that day. Oh, and I won the football pool...yay me!!!

The only implications are you're selling a portion of the stock at the current value. So you lose potential further stock price increase on the stock sold but you're paying yourself back interest on the loan.

Still no tax implications......:D

Or you lose potential further stock price depreciation on the stock you sold.

This penalty only applies to withdrawals and not loans.

I have no intentions of doing so, but thanks for the warning. :)