Considering taking out a loan for my wellness coach's new equipment
Hi everyone. I've been working with an amazing wellness coach for the past year who has really helped improve my health and fitness. She's looking to upgrade her equipment to better serve her clients, but is having trouble getting approved for a business loan due to her newer self-employed status. She asked if I would consider taking out a personal loan in my name to help her purchase the equipment, which she would then pay off monthly. I trust her completely and know she's responsible, but I'm hesitant to take on more debt when I'm hoping to buy a house in the next few years. Has anyone been in a similar situation or have advice? I want to help but am unsure of the potential impacts on my finances and credit. Thanks in advance for any insights!