Investment Updates
What Should You Do If An Employee Asks For A Loan?
Published Wednesday, March 11, 2015 at: 7:00 AM EDT
As the owner of a small business, what would you do if an employee asks you for a personal loan? There is no one answer that fits every case. Yours can depend on a number of factors and considerations. It also can open a can of worms, but first things first.
You can begin your answer by asking your worker a few questions: Why do you need a loan? What happened to put you into this financial situation?
You also may want to ask yourself these questions:
This article was written by a professional financial journalist for Meg Green & Associates. and is not intended as legal or investment advice.
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