To get a loan as a salaried employee all the banks need is a personal tax return to confirm income. However if you are a director of the business you work for, you have to supply the company financials for 2 years as well.
To me it does not make sense.
The employee is far more likely to loose their income without notice than a director.
The business an employee works for is just as likely to go broke as any other.
The banks do not ask for 2 years of financials of the applicants employer.
I find it very weird that one of my employees would be considered a better risk than me, even though its me that controls how much my employees earn.
To me it does not make sense.
The employee is far more likely to loose their income without notice than a director.
The business an employee works for is just as likely to go broke as any other.
The banks do not ask for 2 years of financials of the applicants employer.
I find it very weird that one of my employees would be considered a better risk than me, even though its me that controls how much my employees earn.