That afternoon, the president of Pingyang Bank took the presidents of the three banks in Hanjiang and took the initiative to find Qian Lingyun.
As soon as the three of them opened their mouths, they directly expressed their willingness to provide financial support to Pingyang City’s shareholding cotton mill.
It was the first time that Qian Lingyun had seen someone so anxious to deliver money to someone's door.
He was very clear about Pingyang City's debt situation. He knew that under Pingyang City's current conditions, it would be difficult to borrow 2 billion from any bank.
He asked the heads of the three banks in surprise, "I'm curious, how did you know that the Pingyang Municipal Government wanted to invest in a cotton mill? And how did you know how much money we needed?"
Among the three, there was a bank manager who wore gold-rimmed glasses and had a side-parted hair. He smiled and said to Qian Lingyun, "Mayor Qian, to be honest, since the Pingyang Municipal Government established the Asset Restructuring Office, we have been paying attention to the development of the cotton mill restructuring.
You should also understand that our bank relies on investment and lending for a living, and we will not miss any investment opportunity. Of course, the reason why we are so familiar with the inside story is also the result of careful exploration.
It doesn’t really matter how we got the information. What matters is that you need money, and we have it.”
Hearing this, Qian Lingyun smiled. He knew that in order to improve performance, banks had sent salesmen to every street corner and every industry...but he never expected that they also had salesmen in the Pingyang Municipal Government.
This is fucking ridiculous. When we were doing poverty alleviation and development before, these people were not so active. Now that it seems profitable, they suddenly appear.
Since it is for profit, the lending conditions of these three banks will probably not be very accommodative and the interest rates should be frighteningly high.
With the intention of listening and understanding, Qian Lingyun asked, "Well, since you all know the situation of the Pingyang Municipal Government, I don't have to explain it to you. Tell me, how do you plan to lend money to our Municipal Government?"
The man with gold-rimmed glasses smiled and took out a plan from his black briefcase. He said, "We have prepared two financing plans for your city."
"The first one has a low interest rate, which is equivalent to 0.38% per month. Looking at the whole country, it is already the lowest interest rate. But your city needs to provide collateral, such as land, factory buildings..."
"The second type does not require any collateral, but the interest rate is relatively high, equivalent to 0.42% per month. In the commercial loan interest rate, it is actually not high."
“Mayor Qian, you can choose one of the plans based on the actual situation in your city.” The man with gold-rimmed eyes narrowed and smiled.
The interest rate is not high...
Qian Lingyun pondered secretly.
Even if we calculate based on the highest interest rate, which is only 0.42%, the interest paid on 2 billion yuan per month is more than 8 million yuan...
If it's true as the bank president with gold-rimmed glasses said, this can be done!
Qian Lingyun called the director of the Finance Bureau directly and asked him to bring an accountant to carefully review the two loan plans.
Soon, the Finance Director and the accountant came to the city government.
Qian Lingyun invited the three bank executives to the conference room and asked them to do a careful calculation with the people from the Finance Bureau.
It was almost evening when the director of the Finance Bureau came out of the conference room and came to Qian Lingyun's office to report to him. "Mayor Qian, after careful calculation, if we want to use this loan, we can only adopt the second option."
"Oh? The interest rate of the first plan is so low, why can't it be adopted?" Qian Lingyun asked puzzledly.
The director of the Finance Bureau said seriously, "The first plan has a low interest rate, but the pledge plan they proposed is too harsh. For example, the cotton mill can only be pledged for 700 to 800 million yuan. We need to provide three other assets that can be pledged to make up the 2 billion yuan."
"As far as the current situation in our city is concerned, there are no assets that meet the pledge conditions. Therefore, we can only adopt the second option."
"..." Qian Lingyun nodded. The fact is just as the director of the Finance Bureau said, all the collateral has been paid out, and there is indeed no collective assets that can be used as collateral.
Without waiting for Qian Lingyun to speak, the director of the Finance Bureau continued, "Mayor, although the second plan does not require collateral, it also has additional conditions. If you can accept them, the money can be used."
"you say."
The director of the Finance Bureau took out a notebook and read it, "First, the interest is paid quarterly. On the day the loan contract is signed, you must first pay the bank three months' interest, which is 22 million."
“Second, this loan is a special loan, which is used exclusively for the city government to inject capital into the cotton mill and cannot be used for other purposes.”
"Third, after the loan contract is signed, the funds will be kept in custody by the lending bank and cannot be used before the cotton mill restructuring process is completed."
"These three are the main ones, Mayor Qian, please consider them." Closing the notebook, the Finance Bureau director said with a serious expression.
Qian Lingyun nodded solemnly, as if talking to himself, "After all, this is a special loan that can only be used for the asset restructuring of the cotton mill. If the restructuring fails, the money will still be in the hands of the lending bank, and we will lose three months' interest, more than 20 million..."
After thinking through the worst-case scenario and calculating the price to be paid, Qian Lingyun asked the director of the Finance Bureau, "Can the city's finances afford the 20 million yuan interest?"
The Finance Director looked embarrassed, but still gritted his teeth and said, "There are difficulties, but we can overcome them."
Qian Lingyun frowned and thought, as long as he could sign an agreement with Ren Jianghai and the others, the matter would be settled. After all, Jianghai Group was such a big company, could he still run away?
"Okay, now that you have all the calculations clear, let's put it this way. You continue to communicate with these three banks, and when the contract is successfully signed here, sign the loan contract."
Qian Lingyun is not the kind of indecisive person. As long as he feels that the benefits of this matter outweigh the disadvantages, he will do it even if there are some risks.
After the Finance Minister left.
Qian Lingyun called Li Lin.
"Xiao Lin, the money problem has been solved. You can reply to Mr. Ren and the others and tell them that Pingyang City is ready to invest funds and ask them to raise funds as soon as possible and sign a cooperation agreement with us." Qian Lingyun said calmly, with excitement in his tone.
After hearing Qian Lingyun's words, Li Lin was silent for a long time.
He could never have imagined that something that was unsolvable in the morning was solved just a few hours later?
"Xiao Lin? Why don't you say anything? Are you surprised too? To be honest, I am just like you. I couldn't have imagined at first that there would be a bank willing to lend us money. Although there are strict restrictions on the use of the loan, it has finally solved the major issue of the cotton mill's restructuring. It won't be long before those laid-off workers will be able to get their jobs again..." Qian Lingyun said with a smile.
At this moment, Li Lin's heart seemed to be shrouded in thick fog and he couldn't find his direction for a moment, but his intuition told him that things couldn't be so coincidental and it must have been premeditated!
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