Xing Baohua's lips twitched, thinking to himself, "I guess I'm just kind-hearted! You guys haven't run into any shady dealings. The kind where you don't have to spend a single penny. Luckily, you still have about 900,000 yuan in demolition compensation?"
The town is responsible for submitting the report to higher authorities. Once approved, they should roll up their sleeves and get to work. The High-Tech Zone definitely needs a high-end hotel. It would not only generate revenue for the town but also solve the accommodation and food problems for more people visiting the High-Tech Zone.
With the electronics factory acting as guarantor, what kind of loan can't they get!
The town's plan quickly went through the district and then the city levels, with approval processed very quickly. This is truly remarkable! It's common for approvals to take several months or even a year; to get it approved in just ten days shows how fast it was!
Thanks to Xing Baohua's machinations, the matter actually came to fruition.
First, they planned out the area, how many households would be relocated, and how to resettle them, etc., and the 900,000 yuan was quickly depleted. They could only wait for the bank loan to come through before making up for the outstanding payments to the residents.
The plan is to build over 300 apartments, eight stories high, with a high-end restaurant and a hall that can accommodate 60 tables at the same time.
Total investment: 70 million.
If you have the approval documents and you're looking for bank loans, and one bank can't provide enough, then you'll apply to four banks at the same time.
There's absolutely no problem with the electronics factory providing guarantees.
The loan was approved quickly, to be repaid over fifteen years. Of course, the interest rate was a bit high, but that's to be expected given the long repayment period. Actually, Xing Baohua wanted the town to pay it off over twenty years, but several banks disagreed, feeling the risk was too high.
In the end, the agreement was reached after fifteen years.
Construction loans are not disbursed in a lump sum, but in installments, based on timeframes. The disbursement schedule is similar to, but different from, the progress of the construction project.
In short, the money is now secured, and we're just waiting for the first payment.
Xing Baohua told Ji Lanhe that the money couldn't all be invested in the hotel. Why did he ask him to use a large local construction company or a construction company from another city? He suggested that they advance part of the funding first.
So, once the main structure is completed, they'll give you 30%, and the rest will be paid later for renovations—another 30%. What will you do with the remaining money? You'll buy furniture, appliances, and a luxury car.
The bank gave you the money to build and renovate the building, not to cover operating costs!
So you need to save 30% of your budget to buy some items, as well as cover daily expenses, etc.
Don't we pay taxes every year? We can use this to pay off the bank, just the interest. We don't need to pay back the principal yet. We can just say that we just opened a business and business is slow to get by.
Use the money you used to repay the principal to pay back the construction workers and renovation team. That's how you get your cash flow back.
Ji Lanhe nodded, thinking to himself, "If Xing Baohua isn't afraid of losing money, why would he be afraid?"
Xing Baohua is not afraid of being implicated because the town has mortgaged the ownership of the hotel to him.
If the town really can't repay the money, and Xing Baohua is forced to act as a guarantor and be executed to repay the money on behalf of the town, then it's equivalent to Xing Baohua buying the hotel with the money.
Anyway, this guy won't lose out.
The machine factory manufactured the chassis that Xing Baohua wanted, and after delivery, he was fairly satisfied, after all, it was a product from a major factory. The workmanship was quite meticulous.
Wouldn't it be a waste of talent to have a machine shop tinker with this thing? That's a large factory with several level-eight fitters and welders.
Of course, this kind of work isn't worth having these master craftsmen do. In front of CNC machines, these people are treated like royalty.
The computer case has arrived, so let's start assembling it.
Liu Quan was still leading the team; it had been a long time since he had personally worked on a machine. Back in the day, he and Xing Baohua worked together in a small repair shop, the two or three of them operating the machine together.
Try it yourself and get a feel for it.
Surprisingly, the profits didn't fall behind.
The motherboard for the first machine was all hand-soldered by him based on Xing Baohua's blueprints. The later ones were machined using a robotic arm soldering machine.
With the first motherboard in place, it served as a testing setup. Once everything was working correctly, mass production of motherboards began.
Electronics factories are now all moving towards standardization.
The prototype was built in just two days, the program was written, and a large CRT monitor was used.
Even though it's powered on, the system is still the old m-dos.
Even without turning it on, the exterior looks incredibly futuristic and high-end. But once you turn it on and check the system... damn, the difference is enormous.
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