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Only lend the money if you are sure you can do without it because there's a good chance you won't get it back. There's a reason they can't get a loan, credit card or borrow from friends...they have a history of not repaying. Your the final unwitting source.
And they are in a financial bind (99% of the time) because they can't handle money. Spending beyond their means and no saving for a rainy day.
And the next time they borrow and then quit and there goes your money....Quit while you're ahead.
Tell him you've decided that if you lend to them, you would have to lend to all employees and you can't afford that.
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