Definition of Love money:
Love money is usually given to entrepreneurs by family or friends when there are no other financial options available to start a new business or when an injection of capital is required. That means the entrepreneur does not meet the criteria necessary to get credit and/or capital from traditional avenues like banks or other lenders. .
Love money is capital extended by family and/or friends to an entrepreneur to start a business venture. The decision to lend money and the terms of the agreement are usually based on the relationship between the two parties, instead of a formulaic risk analysis.
Capital given by family and friends of an individual, usually an entrepreneur, to start a business. The money is lent based on a relationship of trust in the individual by the lenders. It usually occurs when an individual would not meet the criteria to be granted financing by a lending institution.
Meaning of Love money & Love money Definition