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Tuesday, February 27, 2024
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SON ASK FATHER FOR $12.5 MILLION LOAN TO START A BUSINESS

My son has always been fond of being his own boss. I guess that came to him naturally because I ditched my job and founded a successful business.

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Through sheer luck and dedication, I made good money. Seeing me, he made up his mind of starting his own business and he asked me for a business loan.

Now, the amount he asked for was $12.5M and I’m wondering whether I should give it to him or not. Even though he has promised to pay me back under 5 years, I’m still stuck in a dilemma.

I’m worried that I might never see the money again as this is a very big loan.

He has even told me the kind of business he wants to start, and also showed me a business plan which requires this massive loan. I admit that the business is hot right now and the plan is solid, but that kind of loan amount is bugging me.

His mom has started to pressure me to give him that money, and even called me a bad father for not wanting to help out our son.

Should I say no to the loan.

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