You should decide between lending them the money, which requires repayment over time, or making a direct investment in their business, in exchange for an active role in how the business is run (i.e., shares). Either way, it’s crucial to understand the benefits and potential pitfalls of this type of financing. It's important to enter a formal agreement, and make a thorough repayment plan. And most importantly, pay attention to all the details: if things don't work out, the relationship may suffer. If that's not a risk you're willing to take, you can find more small business funding options at: https://wallethub.com/edu/business-funding/25905/#funding-options.
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