I don't like to receive SMS or phone call after midnight especially when I am deep asleep. Because usually it is an emergency and not a good sign. Last night, I was quite shocked when I got the SMS from a business friend asking to borrow some cash from me. I never expect she would think to borrow from me as we are not that close. We only have business link - the company where she works is our customer and what she said influences the company's decision maker. Furthermore she is a senior staff and she holds quite a high position. I never expect she'll be short of cash.
Today, very early in the morning, she called me. It was not easy to say 'NO' as the company where she works is one of our major customers. But, at that point, I know I had to reject her in a nice way. So, I said 'I am sorry to hear that but I don't have the cash'. She still insist that she needs it for some emergency and will return the cash to me within one to two weeks time. She said she has no one to look for, that's why she turned to me.
I repeated again, 'I am sorry, I don't have the cash'. I can sense she's quite disappointed. In one way, I feel quite bad that I didn't lend her the cash. But, on the other way, I can't accept the fact that she would borrow from me out of many of her friends and colleagues. Furthermore, my quick mind tells me that If I lend her RM5k today, next month she might come to me again and requesting for another RM5k. And this sensitive-money-lend-borrow issue will somehow affect our business relationship.
So, I decided to recommend her to a friend who is doing legal money lending business. She said she still prefer to get the cash from me, moneylender would usually require a lot of documentations and takes time. I told her, that would be the best solution for us as I prefer not to involve personal matter and work related matter. I am not sure whether she got the cash she needs or not. I hope she managed to solve her financial emergency issue. I also hope that she will learn to build an emergency account so that she will not turn to others for help when unexpected financial needs arise.
Do you lend money to your business friends or customer because you want to maintain your business relationship with them?