A 55-year-old man from Farnham has admitted two counts of fraud and has been jailed for 32 months.
Adam Ford of Mayflower Way in Farnham was sentenced to 16 months' imprisonment concurrently for two counts of fraud.
He had been convicted after pleading guilty to one count of fraud by false representation and one count of furnishing false information.
Ford had been running vehicle contracts and approached his victim, a friend he had known for several years requesting he loaned him £214,000.
The money was given to the accused on the proviso the loan was used to purchase vehicles.
During 2010 and 2012 Ford made fake spreadsheets to show the victim his money was being used as per their agreement, however they were being used to finance Ford's personal and business debts.
Investigating officer, Detective Constable Kieran O’Shea, said: “Adam Ford capitalised on his good business relationship with the victim to get his hands on almost a quarter of a million pounds over a two year period."
"The sentence shows that fraud is not a victimless crime. In this case the monetary cost was significant, but fraud offences such as these also cause considerable social and economic harm beyond their immediate financial impact."