With Zhao Haitang's earnest persuasion, Si Mingda's emotions gradually calmed down, and he began to adjust his mood to manage the company's affairs with Wang Mudan.
Wang Mudan made a list of debts and the repayment period for each creditor. The one who owed the most was Zhang Muquan, and the repayment period he gave was also the longest. The other creditors were all suppliers, and they required repayments in installments every month because they also had to repay their downstream suppliers. The biggest headache for businessmen was the triangular debts that were linked one after another.
Simingda and Wang Mudan have been running Mingdan Company for more than ten years. Although they have a good foundation, they have gone through two disasters.
The funds on the books have been almost drained, and now the company is seriously injured. After deducting wages, rent, utilities and other expenses from the monthly payments received, and paying back the suppliers, there is no money left on the books.
In order to maintain the operation of the company, Wang Mudan must maintain the stability of the downstream supply chain. Therefore, she must repay the supplier on time according to the supplier's requirements. In addition, she cannot let customers lose confidence in Mingdan Company. Except for a few friends, she dare not let the customers know about the fraud. If they withdraw the order, Mingdan Company will fall into a new crisis.
Wang Mudan worried about money every day. In desperation, she had to discuss with Si Mingda and planned to sell the villa where their family lived.
"Si Mingda, let's sell the villa. The company's liquidity is too tight recently, and I can't handle it."
Simingda certainly understood the company's cash flow difficulties, but the house was, after all, real estate, and he didn't want to lose his last guarantee of survival unless it was absolutely necessary: "House prices are rising too fast now. If I sell it, it may seem like I've made a profit, but I won't be able to buy a similar house in the future."
"If we don't sell, our monthly expenses will be several million. At this rate, we won't be able to survive for more than a few days."
Recently, Wang Mudan is most afraid of receiving calls from suppliers asking for money. For her, every day is torture. In the ten years since she ran the factory, she has never felt as panicked as she does now.
Simingda sighed and said, "The other house has been mortgaged to Zhang Muquan. If we sell this one, we will have nothing to hold our value."
"As long as we pay off Zhang Muquan's debt within half a year, there will be no problem with the house. Fortunately, the money he gave us was an interest-free loan, otherwise the financial pressure would be even greater. My suggestion is to sell the villa and move back to the house." Wang Mudan said cautiously.
Si Mingda didn't comment and said, "Let's wait a little longer. I'm currently in talks with a client. If we can sign a contract, he will pay us a deposit of 100,000 yuan, which can be considered a buffer period. Let's not sell the villa for the time being. I'm worried that if the news gets out, people will really think our company is going bankrupt. As long as there is a little bit of trouble, all kinds of rumors will spread. We have to shut people's mouths to stabilize the situation."
"I am also worried about this problem. Many people are impatient. I am now worried that suppliers will not supply goods and that customers will cancel their orders." Wang Mudan said with a frown.
"Don't sell the villa yet. I'll talk to a friend tomorrow and see if I can borrow some money to help us get through this. No matter what, we can't just rely on one thing for everything."
"If I borrow again, I'm afraid the interest will compound and I won't be able to pay off the debt." Wang Mudan leaned on the sofa, closed her eyes and fell into painful contemplation.
So many messy things have happened recently that have made her exhausted. She is almost forty years old, and this is the first time she feels despair. She has been unable to borrow money and has no one to turn to for help, while the scammer is living freely abroad. If she could have foreseen the situation today, she would never have been so generous as to reunite with Luo Yingtao, and she would not have ended up bankrupt today.
"Don't worry, I won't borrow money at high interest rates, just like you borrowed money from Zhang Muquan. I borrowed money from friends through formal channels, not at high interest rates."
"Okay, give it a try. If you can develop a few more customers, it would help us mobilize our working capital and our pressure would be less."
Simingda and Wang Mudan are both proud and arrogant people. If they were not left with nowhere else, they would never beg others humbly. In this social environment where human relationships are cold, borrowing money is the biggest test of a person's psychological endurance. One must be prepared to be rejected or even ridiculed.
"Don't worry, I'll take a multi-pronged approach. Only by developing new customers and making the company profitable can we seize the initiative. Borrowing money is just a temporary solution. These days, no one is willing to help others, including ourselves."
After Wang Mudan was recently rejected when she asked several wealthy relatives for loans, she became completely disillusioned with the so-called family ties. "When we were rich, those so-called relatives were like flies that we couldn't shoo away. But when we were in trouble, they ran away faster than rabbits. There was no family ties at all."
"Okay, stop complaining so much. This is true human nature."
Early the next morning, Simingda came to the company of his fellow villager Mr. Li. They had always had a good relationship, so it would be more reliable to borrow some money from him.
Mr. Li runs an industrial company in Nanyou City. The liquid funds on the books are at least several million yuan every month. He owns three houses in Nanyou City, and his fixed assets should be worth tens of millions of yuan.
Si Mingda was reported by Gao Huai for tax evasion and was imprisoned for half a year. Mr. Li gave Wang Mudan a lot of substantial help. The warmth of timely assistance was the most unforgettable. Si Mingda and Wang Mudan were very grateful for the help given by Mr. Li when they were in trouble. The reason why they did not ask him to borrow money last time was that they felt embarrassed and didn't want to trouble him, and he didn't know that Mingdan Company was defrauded.
When Mr. Li saw the haggard and old Si Mingda, he was shocked: "Old Si, I haven't seen you for half a year. How come you have lost so much weight? And your beard is so untidy. What happened?"
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