Not just that, they are predators. They approve 99.9% of poor credit customers & charge subprime rates of 25% +/- & lend 110% to 125% loan-to-value, add mandatory gap insurance and other add-ons with monthly payments of 72 months or more - what could go wrong
Basel III change how gold is classified globally. Central banks used to not be able to lend against the full value market value, but now they can. This is displacing US treasurys
Now, obviously there isn´t nearly enough information for a sound judgement. Amateur business psychology dictates that this loan would definitely transcend whatever friendship you currently have. There would be a drastic power shift.
Things could get awkward fast by something as simple as you asking how the business is doing, because you are excited to help them and they feeling harrassesd because that week was bad.
I am in no position to give advise, but if you run several companies and those 300k wouldn´t hurt you, can´t you use that leverage to open some doors at the banks for them?
I think, Warren Bauffett has a rule, that anyone in the family can come to him with a business idea once and they will get the money under the condition, they never ever ask for money again. And you are not talking family here.
It sounds like the only way this could possibly not affect you would be to both of you never speak of that business, you never visiting that business, you don´t make a payment plan, you don´t want to know when you get the money back and the only time this ends is when they fully repay you.
Personally I´d stick with the rule to not lend money to friends. Partnering up in a business would be something different.
edit: Also be aware, that once you did it for one, others will take notice of that.
Jjust buy hold and ask your stock broker not to lend it to the short sellers
I kept buying until $7.00 hold until $100…short squeeze…short squeeze…short squeeze…🦍🦍🦍🦍🚀🚀🚀🚀🚀!!!