Every time someone has expressed interest in buying (or acquiring) something from me for which they did not have the money, the simple answer is no, thank you.
You have to stop and think, if they need money, why won't the bank lend it to them?
And if the bank thinks they are a bad credit risk, what do you think that means to folks like you and I?
You think, if the bank believes they would have a hard time collecting, that somehow you or I would have better luck?
Your story illustrates why I don't trust my fellow Lco.
Why I believe people who call themselves my friend would not hesitate to back stab me, and fast.
Once again you have to stop and think, it should be me calling them my friend, not them naming themselves as such.