We have a strict internal policy to only allow one first-time loan per household at a time, and only one loan period per bank account if the account is individually-owned.
If you share your bank account with someone and you both want to have a Fig Loan, you will both be able to apply for a loan provided one of you is on your second or third Fig Loan, the account clearly has both of you as owners, and the income to the account can comfortably support both loans.