From this perspective, it seems that Li Cheng doesn’t need to prepare 17 million!
In fact, Li Cheng really didn't need to prepare so much money. If he really had to prepare so much money, Li Cheng wouldn't have been so obsessed with the printing and dyeing factory.
But President Gao seemed to know that Li Cheng could not come up with 17 million, but he did not think that Li Cheng was cheating him. This was a bit strange.
Is that strange? Not at all.
Didn’t President Gao say that in his nearly 30 years in the industry, he has never seen anyone repay 17 million yuan in one lump sum?
In fact, what he said was a bit exaggerated. Not only had he never seen those loan companies repay 17 million at a time, he had never even seen them repay 1.7 million at a time.
It seems strange to say this. Does it mean that banks really don’t have to pay back the money they lend?
What are you dreaming of? Banks are not charities. How can you not pay back the money you borrow?
But in fact, you don’t really have to pay it back, at least you don’t have to pay back the entire amount you borrowed when it’s due.
That's even more bizarre, isn't it? There's nothing bizarre about it, because at that time, the only companies that could borrow from banks were state-owned enterprises, and banks are also state-owned, so banks have an obligation to support these state-owned enterprises.
Therefore, if the company cannot repay the first loan after it matures, it only needs to go through the loan procedures. The loan will either become a new loan or be extended. In any case, it does not have to be repaid immediately.
However, the bank does this under certain conditions, that is, the loan interest must be paid to the bank on time, not even a day late.
Therefore, if Li Cheng took over the 17 million debt, he would only need to pay the loan interest on time, and he would not need to spend so much money to repay the loan.
If that's the case, does that mean I really don't have to pay back the 17 million?
If it happened to someone else, it might just drag on year after year, eventually becoming a bad debt again and entering the write-off process again.
But Li Cheng would not do that. He would definitely pay the money back, but it would take a few years.
However, Li Cheng did not suffer any loss in doing this. The bank itself is a money dealer, and the more money it lends out, the higher its profit will be.
Of course, this is based on a virtuous cycle, unlike the printing and dyeing factory, which ultimately has to rely on selling land and relocating to resolve these debts.
In fact, no one is a fool, it’s just that everyone has his own accounts to settle.
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