Have you already told him you have that much in savings available? If not- the easy answer is "Sorry- I don't have that kind of money available. I would have to borrow it myself to lend to you."
Personally they only time I lent a friend 4 figures; it was a friend who I had routinely lent and borrowed back and forth hundreds at a time. And that $1000 loan was for some immigration stuff for his family (which is pretty important), and not a vacation.
Tell him to go to Wells Fargo. (Formerly Trans Canada Credit) They will lend anybody money. (at 33% of course.)
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