ICBC's Manager Zhu finally met Feng Yu that day. He immediately asked Feng Yu if Tai Hua Trading was going to change the company's bank account?
Feng Yu explained that the company had some investments and had transferred some money to other banks. But the company's bank account was still with ICBC. This will not be changed.
This sentence calmed Manager Zhu down. He was at a crucial stage now. Tai Hua Trading had a lot of Rubles, USD and HKD every month. This was a political achievement for him.
But this achievement was not enough. Now the country had cut the interest rates to stimulate people to spend. That was why the bank's main criteria had changed from taking in deposits to lending.
In terms of absorbing deposits, Manager Zhu was definitely far ahead. He was the number one branch in the province, and no one could beat him. However, in terms of lending, Manager Zhu was not very good. He was ranked below average among all the branches in the province. This was a huge obstacle to his wish to be promoted, especially to the position of deputy manager of the provincial bank.
Manager Zhu thought that Feng Yu wanted to talk to him about withdrawing money. But after Feng Yu finished talking, he started to ask about the loan procedures.
Feng Yu had no choice. He did not remember the procedures for getting a loan in this era. But he knew that it was more complicated than in the future.
Manager Zhu's eyes brighten up. Tai Hua Trading wants a loan? That's great. I will lend you however much you want as long as I can make the decision!
Manager Zhu even hoped that Feng Yu could get an astronomical amount of loans. Anyway, he could use Tai Hua Trading and the Machinery Company's profits as the collateral.
Feng Yu saw Manager Zhu was so enthusiastic when he heard about the loan. He thought for a while and understood. Now, the government was encouraging loans and spending. The City's ICBC must be carrying a lot of tasks.
Feng Yu was hoping to get more loans. If he invested all his money into the stock market, he could do a lot of things in 2 years' time.
"Manager Zhu, actually with our company's cash flow, we do not need any loans. But the company had a big business deal recently. That's why we wanted to get a short-term loan. What is the interest rate? How long is the repayment period? How are you going to repay? "
Manager Zhu hurriedly introduced the loan to Feng Yu enthusiastically. The loan interest rate was definitely the lowest. He guaranteed that there was no other loan in the whole city, no, the whole province that had a lower interest rate than this. How about three years of repayment? The first two years will only pay the interest, and the third year, the principal and interest will be paid off together. That shouldn't be a problem for you, right?
Feng Yu was secretly delighted. This was exactly what he wanted. Although the profits from the humidifiers were still coming in, and the Machinery Company was still getting quarterly dividends, Feng Yu did not intend to repay the dividends in advance. 3 years was just right, and the shares should be sold at that time. Feng Yu had already recovered his funds.
"President Zhu, how much money are you planning to lend to my company?"
"If you use the Machinery Company's shares as collateral, I can lend you 1,200 RMB. If you use Tai Hua Trading's assets and profits as collateral, I can lend you 10 million RMB. Wind and Rain Logistics can get a loan of two million yuan. The pig farm you mentioned can get a loan of five hundred thousand yuan. "Manager Zhu shouted in his heart. Mortgage them all to us! Mortgage them all to us!
"Manager Zhu, this is not right. The market value of the Machinery Company's shares is about 12 million RMB now. The loan you gave us is still reasonable. But how can Tai Hua Trading be worth 10 million RMB? Tai Hua Trading owns the Wind and Rain brand, and their trade with the Soviet Union had a few million Rubles every month. How can you give us such a small loan? "
Manager Zhu's eyes opened wide. Feng Yu wanted more loans? That's great. You think it is too little? No problem. How much do you want?
"General Manager Feng, how much do you think is suitable?"
"I hope I can get a loan of 40 million RMB using the Machinery Company's shares and Tai Hua Trading's assets and profits as collateral. As for Wind and Rain Logistics, I think we can get a loan of 4 million RMB. We have 80 Gaz cars, and each car is worth 50,000 RMB."
Although Feng Yu did not have 50,000 RMB to buy a car, but this car was worth this price!
Manager Zhu did not say anything, but Li Shiqiang stared at Feng Yu. What the hell? You want me to get a loan of 4 million? This … … This was too risky. The interest for one year was not a small amount!
Li Shiqiang felt that it was too risky to use all his money to buy this company's shares. Feng Yu still wanted to get a loan? If you want to get a loan, then get a loan. Why must you drag me into this? Fine. I had agreed to get a loan, but you did not tell me to get a loan of so much. If I can't repay the loan, then this logistics company will belong to the bank.
Feng Yu secretly patted his brother-in-law's legs, telling him to calm down. I wanted to set up a hospital for my sister, but you insisted that you do it. I wanted to expand the company rapidly, but you are so hesitant. With the current development speed of this logistics company, it might take 3 to 5 years to set up a hospital.
Investing in stocks was different. Within two years, Li Shiqiang's net worth would skyrocket to tens of millions. At that time, not to mention investing in one hospital, he could even invest in a few other hospitals!
Manager Zhu asked with a trembling voice: "How much do you want? 40 million? "
"It's 44 million."
Manager Zhu was panting. Hahaha, it's done. It's time for me to get promoted. This year's target was still short of 15 million. With this 44 million, he would be the top scorer in the province. If I don't get promoted, who else will?
"I will think of a way. 44 million, right? No problem!" Even if there were some irregularities, Manager Zhu decided to speak to the leaders personally. He must give Tai Hua Trading a loan. Not to mention Bing City, he could even complete the province's target in advance. He does not believe that the leaders would not be tempted!
Feng Yu saw that Manager Zhu was willing to talk to him and continued: "I still have an antique, Ming Dynasty's Xuande Censer. There are not many real treasures in the world. A Hong Kong businessman wants to buy it for 8 million. I don't want much. I will use this treasure as a mortgage and get a loan of 6 million. The total is 50 million! "
Tsk ~ ~ ~
Manager Zhu was speechless. His eyebrows were knitted together. There was no such example of an antique loan in the province.
By right, any valuable item could be mortgaged. But the price of this antique was too high. Feng Yu said that someone wanted to buy it for 8 million, but it might not even be able to sell it for 800,000.
"General Manager Feng, it is not easy to get hold of antiques. Without a specific measurement standard, it's very difficult to operate, "Manager Zhu said with a troubled expression.
Feng Yu looked at Manager Zhu: "Is it very difficult? It's fine. We will get a loan from China Construction Bank. The Provincial Bank's credit department Director Liu is close to my father. I think I should be able to get a loan of 50 million with so many of my assets as a mortgage. "
Manager Zhu saw Feng Yu stood up and quickly pulled Feng Yu's hand: "General Manager Feng, General Manager Feng, wait a minute. We had worked together for so long. You still don't trust me? I'll make a phone call. I'll make a phone call. "
For the credit, for the promotion, he will go all out!
After Manager Zhu left, Li Shiqiang asked: "Xiao Yu, why do you want to borrow so much money? What if you can't repay the loan? "
Feng Yu looked at Li Shiqiang confidently: "Brother-in-law, don't worry. I will definitely repay the loan. Just the overseas sales of the humidifiers, do you know how much profits Tai Hua Trading will get this year? 10 million USD! There will be more next year and the year after that. You don't have to worry about not being able to repay the loan. What we need to do now is to seize the opportunity to sweep the stock market. Wait till the end of the year. Maybe it might not even be until the end of the year. Wait till October. You will see us making money! "
Feng Yu and his men could sweep the stock markets of two cities. They will surely be able to boost the stock market!
Li Shiqiang wanted to say something, but Manager Zhu returned. He excitedly said to Feng Yu: "50 million. Our City's ICBC and Provincial ICBC will lend you the loan!"
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