Employee Loans - Miles Business Blog

Employee Loans

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One thing I try not to do is to loan my employees money. At least once a week someone will come to me or one of my managers and ask for a cash advance on their upcoming paycheck. My stock answer is normally along the lines of "I have a deal with the bank. They don't make waffles, I don't make loans" but they can be pretty persistent at times. Occasionally emergencies happen and I have loaned money out of my pocket and I make sure that I am standing there on payday if I do loan it out. Recently I had to write up one of my managers because he loaned money out of his store safe, and that is just one thing we don't do. We took it out of his check and now he can try to get the money back from the employee himself.

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This page contains a single entry by Richard published on September 5, 2007 8:31 PM.

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