Just FYI you should realize that most businesses fail, and fail quickly. If a bank isn't willing to take a risk on their business, I don't think you should be either. There is zero guarantee they will be able to pay you back, and taking a family friend to court because they lost their business and can't pay you back is not going to make you feel all warm and fuzzy inside.
middlestauthor t1_jea24ao wrote
Reply to Loan to friend Question by Locutus747
Just FYI you should realize that most businesses fail, and fail quickly. If a bank isn't willing to take a risk on their business, I don't think you should be either. There is zero guarantee they will be able to pay you back, and taking a family friend to court because they lost their business and can't pay you back is not going to make you feel all warm and fuzzy inside.