Stuck positions
How do I get back money I lent to a friend's business?
Hand the position to us. We open a clean channel with the borrower on YMC letterhead, figure out what's recoverable, and propose firm terms, so you're out of the conversation entirely.
The reason the call never gets made is that the friendship sits between you and the process. You don't push because pushing feels like a betrayal. They don't report because nobody is actually asking. Six months becomes two years, and the thing you were trying to protect by staying quiet is already gone.
We read the documents, or write them if there weren't any. We work out what's recoverable, on what timeline, in what form: cash, equity, a structured plan. Most friend loans resolve more quietly than the lender expects once a neutral party is in the loop instead of the lender.
If the borrower can't pay, we tell you that clearly. Then the question becomes how to take the loss cleanly. We can buy the position from you for a dollar so you get the tax loss and your balance sheet stops carrying it. The right moment to hand it over is when you notice you've stopped asking.