It's actually not that easy to take out a loan. Someone making minimum wage with a home to put up as collateral, even with perfect credit would probably only be

It's actually not that easy to take out a loan. Someone making minimum wage with a home to put up as collateral, even with perfect credit would probably only be able to take out $10,000 to $20,000. As others have mentioned, there are interest rates involved with the loan as well. It's less than a credit card, but a lot harder to get approval. If the employees are currently paycheck to paycheck, and even considering a loan then chances are they would not be eligible for a loan.