OP I think you need to address this question if you want to have any hope.. don't think you have any either way though.
Its been 24 hours, why not just wait the extra 24 hours and save the interest you would of had to pay ?
Not sole owner.
Then what kind of collateral is this?? If you default on the loan, you just reclaim admin control through the other owner. If you default, then lender can't sell anything to recover the amount. So how do you consider this collateral?