I don't know if Denmark has similar laws but here in the US there are a lot of family businesses that have many family members who aren't officially on payroll.

I don't know if Denmark has similar laws but here in the US there are a lot of family businesses that have many family members who aren't officially on payroll. They're not doing anything shady because there are lots of exceptions to underage labor and minimum wage laws for family businesses. The businesses pay the owners (one member from each household usually) dividends who then distribute to the rest of the family. Many of these businesses are run by large families with strong ties with each other and their communities who act as their own social safety net. Many of them are also immigrants with a disaster mentality so they are the ones most likely to have a large nest egg for hard times. Excluding them from the loans because of their capital structure would be disastrous. I think the $8.8 million is too high out of an abundance of caution but I can see the reasoning.