Q: I loaned a friend $75,000 to start up his business. We signed a contract and he has missed two payments
A: If you can't work out a payment plan, then you will have to sue him and/or his company, depending on which was the borrower. You can sue in common pleas court, and you will need an attorney. Use the Find a Lawyer tab to retain a local litigation attorney. But he could file bankruptcy or the business could be insolvent.
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A: What you do is going to largely depend on the terms of your agreement. It is likely that you can bring an action for the breach of the loan agreement.
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