Question

I am an officer (wife) at a company started/owned by my husband, the president. We lent the business $450K 6 years ago so he could buy out his partner. The money we lent was obtained by us taking out a personal loan (second mortgage). The company pays us interest every month at prime+4%, which we use to pay the monthly loan payment. After 6 years this loan has a balance of $277K. The loan on the books with the company still stands at $450K, as we have only paid interest to ourselves, for two reasons: (1) Because we are subordinate to other loans taken out by the company directly with the company's bank (also secured by us with home equity)however, this loan will will be paid back in full within 6 months, and (2) because there are always needs in the business for any excess cash. The time has come that I am tired of being "the banker" to the business. My husband will not budge on repayment of pricipal, eventhough at the end of this calendar year there will be funds (profits) to do so. Can I sue for repayment? Unfortunately, there was no paperwork created as to the terms of repayment, because I trusted that my husband would do so in a reasonable timeframe. By the way, we are WI residents. Thank you.