Only if cash is in play. Here are some examples if the loan is at a different bank from your regular bank:

• Bank A (loan) is withdrawn in cash of 10k or more - would need to be reported. Then you deposit the cash in bank B (your bank) of 10k or more - needs to be reported.

• Bank A (loan) is transferred to Bank B (your bank) - no report. Then you withdraw 10k or more in cash - needs to be reported.

• Bank A (loan) is transferred to Bank B (your bank) - no report. Then you transfer or write a check for 10k or more to do whatever you need - no report.

Reporting doesn't matter unless you're doing something illegal though. So if it's just buying something and you think it's better to pay with cash - you're likely fine. If you are doing something illegal, shame on you.