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Old 28th August 2012, 02:38 AM   #1
jasminelane
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Default Small Business Owners Lending Money To Employees - Good Business Sense?

There’s no firm statistics on how many small-business owners lend money to staff. But those who frequently engage in the practice say it makes good business sense. One reason, they say, is that it can help prevent a slowdown in productivity because workers who are stressed out about money may have difficulty focusing on their jobs

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Old 15th September 2012, 12:09 AM   #2
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It is good idea but it depends.

Lending money to the employee is not always good idea but in some of the case it is good, like if any employee is in the serious need of money for something very important like for emergency treatment, or any other insurgency type of situation. This way it may be considered a good idea to lend him or her the money.

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Old 16th September 2012, 09:46 AM   #3
AngelBiz
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It depends on how good the employee is, how badly you want to keep him and how much you can trust him.

It does buy you the the loyalty of the employee who appreciates you helping him when he needs it. You just have to be careful to make sure it doesn't interfere with and impacts your business.

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Old 16th September 2012, 05:47 PM   #4
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True. But I don't think that it makes good sense for the owners to mix the employee's lives with their own because that's is when things start to get complicated. Just my opinion.

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Old 17th September 2012, 01:28 PM   #5
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yeah, I agree that all sounds like it could get very messy very fast, unless you really trust the employee I wouldn't even consider it.

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Old 4th October 2012, 06:34 PM   #6
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At first you really think it would be a good because it will come from the company you are working with but since it is a lending business the owner will put an interest to the money which is really normal to all companies that they lend and just to be safe owners would think if your employee is capable to pay all the debts he/she have from your company. There is good and bad ideas but it really depends to you.

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Old 14th October 2012, 12:46 PM   #7
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Overall, I think it's a really bad idea as it encroaches upon the Boss/Employee relationship and the lines can start to get a little blurry.

I would have to say it really depends on the employee, the circumstances, and a number of other factors.

While I can see how it could be beneficial, unless it was a real emergency, I would avoid it, personally.

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