Crossword Genius

The loan goes for fuel (7)

Ross

I believe the answer is:

ethanol

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'fuel' is the definition.
The answer and definition can be both substances as well as being singular nouns.
Perhaps they are linked in a way I don't understand?

'the loan goes' is the wordplay.
'goes' is an anagram indicator (I've seen 'went' mean this ('go' can mean move)).
'the'+'loan'='theloan'
'theloan' with letters rearranged gives 'ETHANOL'.

'for' acts as a link.

Can you help me to learn more?

(Other definitions for ethanol that I've seen before include "volatile flammable substance" , "Form of alcohol" , "spirit" , "Ethyl alcohol" , "Intoxicant in wine, spirits, etc" .)

I've seen this clue in The Hindu.
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