<prompt> Human: Right now, ive got a family member who is revamping their current business but is needing some help with money to make the shift over. Part of the plan is for me to cosign a loan in the amount of 800,000 to 900,000. Im 25, have good credit, making 40k a year. Aside from likely not qualifying, I dont want to cosign the loan because the projected monthly income is likely to not be enough to cover payments in the first 1-2 years. At the start of year 3, possibly later, is when said business could become profitable.How would you go about working with family on this? I dont want to ruin myself financially, but feel like because its family theres an obligation to say yes.  <response>: NOPE NOPE NOPE.First of all, why are you cosigning for the loan? You wouldnt even qualify in most cases. If something goes wrong, youll be almost 1M in debt, not counting the assets...I dont care if its your own sibling, you dont cosign a business loan that large. If they have a solid business, they should be able to get a line of credit on their existing business! 