This means the same as 'Lend your money and lose your friend'. See also Neither a borrower nor a lender be.
Proverbs containing the word Lend
This is a quotation form The Pleasures of Hope by the Scottish poet, Thomas Campbell: 'Tis distance lends enchantment to the view, And robes... Read more →
If your friend finds himself unable to repay the debt, he will avoid you and may well say bad things about you to justify his conduct. There is... Read more →