Equity percentage for silent partner

I've been offered an opportunity to invest in an expansion/start up. A local business owner currently owns 2 successful small coffee shop/bakery's and wants to open a drive through coffee shop on a property he owns. Let's assume for sake of argument that the zoning and county will allow it as that's part of the deal before I invest. He's asking for $30k in startup funds for this venture and is offering me a 10% equity stake in the company. Is this a reasonable percentage when the $30k will probably cover 100% of the startup's expenses?

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That's deal making.

No one says it's fair but you. Would a bank or SBA loan be approved? If not, I'd walk.

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I get that...

I get that it's up to me if it's fair, but I'm looking for some potential feedback. Yes, he could probably get a small business loan or line of credit if he wanted to. There are future potential growth and investment opportunities with him as well. He has a pretty solid track record.

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I'd debate that.

With a solid track record they won't be looking for 30K USD investors. Something's not right. You're there, I'm not but as I wrote above, you are the one that calls it fair. I know folk don't want to tell enough for all to comment but anything with CBD, bitcoin, real estate and many other areas are no-go zones for the investors I know.

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