It is a small company 300% asset backed, has year over year growth 15yrs running, zero defaults, leans, or anything bad. This is really my idea, the owner was securing some financing for a small expansion and I know his loan rate is ~6%. He could do better elsewhere but will only deal with one local bank. I briefly talked the idea with him and he is thinking about it. Term is 5yrs or less, he has never had a loan go to term as he hates debt. I did do some business with him in past and he paid ahead of schedule. This would be several times more than that amount. My main hesitation is that I tie that money up, although I have no good plans for it right now, see below.
Does it follow my IPS? Yes. I have a percentage hold back (outside of my 401k, taxable accounts, pensions, etc.) that I use "if something interesting comes along" if nothing does, I dump it into my house for the guaranteed 3%, if something does that beats that, I investigate it. That strategy may not be for everyone, but it has served me very well.