to NOT lend my friend money to save her business?

[littleblu]

I have a friend who has been running her business for a few years now, the recession and bad luck have meant she is not doing well at all. Her house and everything is tied up with the business too. She's borrowed money from her family to save the business recently ( a very large sum ) and now the banks want more or they'll close on her. She hasn't been very clear about what this means though.

I could probably scrape together what the banks are asking her for, but think I'm not doing her any favours really, probably getting her into more debt in the long run. I really don't think I'll get it back.

I love her dearly and don't want to see her lose her house (and her marriage in the process probably) but feel really bad about saying no.

Advice please.......

Oh and she was talking about going on holiday, and I suspect that her DH doesn't know what's going on so she's keeping up appearances.

[jasper]

No, don't do it.
A friend lent another £3000 as a short term measure to stop her getting evicted.

4 years on she has not been paid back

[fannybanjo]

Never ever ever lend money to a friend if you want to (a) keep your friendship and (b) see your money again. One thing about lending someone money who has massive debts is that they are loathe to pay it back.

[forehead]

Don't do it.

[littleblu]

update - seems her family have agreed again, still don't think her dh knows anything about it. So I'm relieved for her, just wonder how long till she asks again.

Thanks for all the advice, helps to know everyone thought the same

[DaftApeth]

What sort of company is it?

Is it likely to get more business?

[littleblu]

Can't really say Daftapeth, I'm being really careful about what I say on here in case anyone knows her.

[DaftApeth]

Of course, very wise