Chen Dong did not answer Li Aiguo's question, but instead turned to look at Ma Guoliang and asked.
"Manager Ma, is the shop we want to buy 23 million RMB?"
"That's right!"
Not to mention Li Aiguo, even Ma Guoliang was completely baffled.
However, due to his good manners and professional ethics, Ma Guoliang not only answered Chen Dong's question but also continued to speak.
"Mr. Chen, the shop has two floors, the first floor and the basement, with a total area of 8,556.6 square meters."
"If you pay in full at once, you will receive an additional 4% discount on the price of 2,800 yuan per square meter."
Ma Guoliang said this to Chen Dong, but also to Li Aiguo.
He vaguely guessed that Chen Dong's loan was related to the supermarket.
But as for the rest, before Chen Dong revealed his true intentions, it was all just wild guessing.
The words had barely left his mouth.
Chen Dong smiled and said, "Brother Li, I think you understand now. The purpose of my loan is to buy these two floors of shops and open a supermarket."
Upon hearing this...
Li Aiguo frowned as he spoke.
“Brother Chen, if it’s a loan of 23 million RMB with $5 million in cash as collateral, I have no problem with that.”
"But I must remind you that even without any risk, banks are not charities; they also need to make a profit."
"Therefore, my maximum authority regarding loan interest rates is to concede to an annualized interest rate of 7.8%."
At this point, Li Aiguo's brows furrowed.
"23 million, the interest alone will be 1.794 million a year."
"Brother Chen, are you still insisting on taking out a loan?"
"certainly!"
Chen Dong nodded and said with certainty.
“Brother Li, I’ve already thought this through. The annualized interest rate is 7.8%, so be it. I won’t make things difficult for you.”
As he spoke, Chen Dong took out a pack of cigarettes, distributed them to the group, and then lit one for himself.
Li Aiguo accepted the cigarette offered by Chen Dong, feeling quite uncomfortable.
He was taking advantage of Chen Dong alone.
They took advantage of it again and again.
He's still taking the cigarette Chen Dong offered him. Is he even human?
Each bank has its own specific targets.
Deposit quotas, lending quotas, and these days, we also have to add a foreign exchange quota.
Chen Dong alone received $6 million.
We also need to borrow 23 million RMB from the bank.
This is simply a living Bodhisattva.
What a kind person.
Chen Dong is burning himself to light up others!
Li Aiguo felt a little less enjoyment smoking this cigarette; he was ashamed!
"Brother Chen, don't leave yet. Let's find a decent place to eat and drink."
"Brother Li, it's still early. Let's not bother two people at once. There's one more thing I'd like to trouble you with as well."
Chen Dong smiled broadly; what he was about to say was the important part.
"Go ahead, brother."
“I think Brother Li heard what Manager Ma just said. I did take out a loan to buy a shop.”
"After signing the contract and completing the formalities for the shop, I would like to use the shop as collateral to borrow another 20 million RMB from your bank."
These words were spoken.
Not to mention Li Aiguo, even Ma Guoliang and Hua Zi were stunned on the spot.
Do I need to take out another loan?
That's an annualized interest rate of 7.8%.
If this loan is also successful, the total loan amount will reach 43 million RMB.
The interest alone would amount to 3.354 million RMB per year.
Are you crazy?
All three of them turned their gazes toward Chen Dong.
Chen Dong's expression remained unchanged; his calm and composed demeanor was definitely not feigned.
In other words, he wasn't joking, but serious?
this!!!
"Brother Chen, didn't you already borrow 23 million? Why do you need to take out another loan?"
Li Aiguo asked anxiously, at this moment he also panicked.
This was no longer a windfall; before understanding Chen Dong's true intentions, he felt this was a hot potato.
"23 million is the money I used to buy the shop, and the remaining 20 million is for the supermarket renovation, inventory, and equipment purchase."
Chen Dong spoke as if it were perfectly reasonable.
It's as if this isn't 20 million, but 200 yuan.
"Cough cough cough..."
Li Aiguo was quite taken aback by those words, so he changed his approach and asked a different question.
“Brother Chen, I understand what you mean. What I mean is, why not just exchange the $5 million directly with the bank?”
"That way, you only need to go through the procedure once."
That's right!
Li Aiguo's words were also what Ma Guoliang and Hua Zi wanted to say.
It's worth noting that this annualized interest rate is already quite high; based on 43 million RMB, that's over 3.3 million.
Does a supermarket make that much profit in a year?
Putting work aside, speaking privately, it's not good to pocket these profits, so why be so stubborn and give them to the bank?
"Brother Li, just give me a straight answer: can the loan be approved?"
Upon hearing this...
Li Aiguo was indeed in a dilemma. He could say it was impossible, but there was nothing wrong with doing it this way.
A loan of 23 million RMB secured by 5 million USD seems like a very good deal.
The remaining 20 million was secured by real estate, specifically shops worth 23 million. From a risk perspective, mortgaging only 20 million was acceptable.
The problem is that if Chen Dong's funds run out and he can't pay the bank interest, the shop will definitely be repossessed by the bank and auctioned off by the court.
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