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Originally Posted by bdjuf
He says that business has been slow the past month and that he needs it and will pay me back, no interest, wheneve business picks up...
What would you do?
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Make him prepare a formal presentation as if he were applying for a business loan from a bank. Treat it as entirely business. And what chadgini said.
(That's probably not what I'd do but it's the RIGHT thing to do).