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You hit it on the head yourself...
I have NEVER "loaned" anyone money. If a friend was in need I would evaluate if I was willing to give the money away or not. Cuz that's what you're actually doing.
If you ever think you can truly "loan" a friend money, you're not only going to lose the money, you'll likely lose the friend. It changes the entire dynamics of a friendship. In a true friendship, no one should have an "upper hand."
Give it away and make it clear you DO NOT want it back no matter what...otherwise everything will be fucked.
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