I tested my fiancé and he gave me this answer....I am stunned.

[basil67]

I think most of us are assuming that the grant is for real. She was asking for a temporary loan that was only for a matter of days, not an actual loan. So whether her business survives or not isn’t really relevant. And, really, the main issue with her fiancé is his nasty attitude toward her in general.

 

Money given to another with the expectation of repayment is an actual loan. Doesn't matter if it's two days or two years.

 

With a written agreement, she could also turn around in a few days time and say "I thought it was a gift". Plenty of that happens when money in romantic relationships goes back and forth.

[HiCrunchy]

Money given to another with the expectation of repayment is an actual loan. Doesn't matter if it's two days or two years.

 

With a written agreement, she could also turn around in a few days time and say "I thought it was a gift". Plenty of that happens when money in romantic relationships goes back and forth.

 

Hmmm, OP would you be okay with getting the loan under the condition that you sign a contract and required to pay it back?

 

Or would that sour the grapes with your boyfriend?

Edited November 13, 2018 by HiCrunchy

[Dis]

I think most of us are assuming that the grant is for real. She was asking for a temporary loan that was only for a matter of days, not an actual loan. So whether her business survives or not isn’t really relevant. And, really, the main issue with her fiancé is his nasty attitude toward her in general.

 

I'm not assuming the grant is real because it doesn't sound like it is. What organization would loan someone 1.5 mil as long as they have 25k in their account? Doesn't sound legit to me. And the legitimacy of the grant is important because if it is a scam, her fiance wouldn't get back back that 25k.

 

I don't know about any of you, but I wouldn't be willing to contribute 25k to a business my partner was starting that didn't have a good shot at succeeding even if I was paid back. If the business doesn't succeed, OP may owe money and may have wasted a lot of time...all of that is relevant in terms of why the fiance may not want to get involved financially

 

I haven't weighed in the fiance's attitude towards all this except not wanting to loan her the money. I'll let others give their 0.02 cents on that.

[bathtub-row]

Again, it’s certainly her fiancé’s right not to want to loan the money to her. The problem as I see it is that he has a crappy and controlling attitude toward her.

[Dis]

I do find it kind of odd that OP decided to keep finances separate until she needed his money

 

Double standard

[Kitty Tantrum]

I don't loan money unless I'm comfortable calling it a gift if/when the borrower can't repay it. I can't imagine any level of wealth at which I'd be comfortable putting 25k on the line like that, unless someone's life literally depended on it.

 

Even with a contract, there's no guarantee you'll ever get that money back - but there's a great chance you'll destroy a relationship over the course of trying to collect on the debt, or holding it over their head.

 

If you can prove you're "good for it" and open to signing a contract and having aggressive action taken to collect on the debt... go ask an appropriate financial institution for a loan.

 

The way OP describes this business venture, the process of blowing through her initial funds, and the desperate search for more investors, inspires absolutely no confidence whatsoever in its future profitability.

 

Also, OP accuses her fiancé of being "financially abusive." Sounds like the sort of thing my ex-husband would have told his family about ME when I confiscated his bank cards and credit cards for all of our shared accounts and started giving him an allowance... after he demonstrated a chronic habit of reckless spending, overdrawing our accounts, not leaving enough for food and important bills, etc.

 

Ex-H ALSO rode my ass about not "being supportive" (read: throwing money at) his business ventures... none of which were ever well-planned or well-researched or particularly good ideas to begin with. All of which were vast sinkholes for time and resources. HMMMMMMM.

 

Not slinging any accusations of my own here, just saying, I'm not entirely convinced that OP's fiancé didn't actually make the BEST possible decision here.

 

Even if this is a golden opportunity for OP and all is legit... and REGARDLESS of the future success of this business... OP insisted on separate finances because she wanted financial independence. OP: welcome to the world of financial independence from your partner. This is exactly what you signed up for. You don't get to only be a team when you get what you want or it benefits you somehow.

 

Edit to add: I'm also not sure how it adds up that OP insinuates she has poor credit resulting from her divorce, as if that's routine and expected enough to take at face value and not question her own financial decision-making thus far... but she reached out to her ex-husband to help her with a substantial amount of money. Why did she come out of the divorce with bad credit and limited resources but her ex-husband is doing well enough to throw money at her? Could it be, perhaps, that she is struggling because she carried the financial baggage of her poor decision-making with her out of her previous marriage and into this relationship?

Edited November 13, 2018 by Kitty Tantrum

[basil67]

Hmmm, OP would you be okay with getting the loan under the condition that you sign a contract and required to pay it back?

 

Or would that sour the grapes with your boyfriend?

 

In the start of the post, I asked if she'd offered security and a binding contract. No response.

[JuneL]

I hope you pay back your parents/ex-husband who decided to loan you the money. If your 1.5 million grant/semi-loan is a real deal, you can easily take the offer letter to borrow the 25k from a financial institution. They’ll probably charge you a high rate, but it’s nothing as you’re getting half of the 1.5m for free.

[Tristian]

Two weeks without a response from the OP so we'll shut this one down. Thanks for all the replies.