My cash discount messed up a buddy's business records
I paid cash for a big order at my friend's new food truck to skip the card fees. Now he can't show bank statements to get a loan because cash sales don't leave a clear trail, and I feel like I did him wrong. Is it ever okay to use cash if it hurts someone trying to start out?
I mean, the whole "cash sales don't leave a clear trail" thing is kinda funny when you think about it. You wanted to help skip fees but basically turned his business into a ghost story for the bank. Maybe it's just me but that's like buying a guy a shovel and then wondering why he's in a hole. Next time just tell him to ring it up as a sale and you'll hand him the cash, so at least the paper trail exists. Idk, good intentions but oops.
Feel that gut punch when you try to help and it backfires. Saw a guy pay his whole contractor crew in cash to be nice, then the contractor couldn't prove his income for new tools. You wanted to save him fees, not cause a paperwork nightmare. It's a tough lesson that even good moves can have messy side effects.