I Have 10 Trillion Dollars only Usable For Simping
Chapter 482 - 426 days of unforeseen changes

Chapter 482: 426 days of unforeseen changes

"Branch Manager Miao, please take a seat, what would you like to drink? Maojian or Pu-erh?"

Bai Li Garden.

Ren Yan greeted with a warm smile.

"No need."

Although Branch Manager Miao, who had always been amiable, was still smiling, his expression seemed somewhat stiff.

Ren Yan sensed something was amiss, but did not think too much of it and asked his wife to pour a cup of Pu-erh.

"Mr. Ren, I’m here today regarding those two loans you have with our bank."

"Don’t worry, Branch Manager Miao, I certainly haven’t forgotten. I’ve already prepared the money, but when the time comes, I may still need your help."

Doing business inevitably involves dealing with banks.

Wealthy people almost never don’t owe money to banks.

Ren Yan had always maintained borrowing interactions with banks and had a good credit record. The loan amounts had gradually increased from the initial three million to tens of millions, and he had also developed quite a good personal relationship with Branch Manager Miao.

Just like the usual tactics of the rich, when the repayment period arrived, Ren Yan would pay the money on time and then borrow it again. Step by step, he used the bank’s money to grow his business.

"Branch Manager Miao, I’m planning to open a few new factories in Hanyang, so..."

Ren Yan intended to continue as before, aiming to increase the loan amount once more. Previously, this had been very smooth, and the other party had readily agreed, but this time the situation seemed different.

"Mr. Ren, I’m sorry, but our bank will probably suspend the loan approval process for a while."

"Suspend the loans?"

Ren Yan was slightly taken aback, caught off guard.

"...Branch Manager Miao, why is that?"

"The overall environment isn’t good right now. All the major banks are tightening their existing assets to avoid risks..."

"But Branch Manager Miao, I have always had a very pleasant cooperation with your bank, and I have never defaulted on a loan."

Ren Yan quickly said.

"I know."

Branch Manager Miao’s expression was solemn as he methodically said, "Mr. Ren has always been a premium client of our bank, and I believe you understand that we have done our utmost for you. But this time, it’s really due to policy requirements, and I am truly powerless."

Ren Yan frowned, his eyes fluctuating, but he remained composed, calmly saying, "Branch Manager Miao, Jin Hai has decided to increase investment in Top Group. You should also understand my relationship with Top Group. I plan to expand production scale next, and if your bank stops lending, I..."

The essence of a bank is to chase profits.

The so-called human sentiments, at their core, are all about interests.

Branch Manager Miao had always opened doors of convenience to him because it was profitable.

He thought that upon hearing this news, the other side would surely change their decision, but to Ren Yan’s disappointment, the other side didn’t even wait for him to finish speaking.

"Mr. Ren, I am very sorry, my power is limited, I truly can’t do anything. It’s better for you to try other banks."

Ren Miao’s beautiful step-mother came over.

"Branch Manager Miao, please have some tea."

Branch Manager Miao didn’t even touch the cup of water on the coffee table in front of him but stood up.

"Mr. Ren, the loan will mature in a month, I hope you can prepare the funds in advance."

Even if there is a policy change.

It shouldn’t be this resolute.

The words sounded polite, but they were tantamount to pressing for debt repayment.

"Branch Manager Miao, let me walk you out."

Even though he felt uncomfortable, Ren Yan still forced a smile.

After seeing off Branch Manager Miao, Ren Yan walked back and sat down, his mind restless.

"Your relationship with Branch Manager Miao is very good, isn’t it? Why is he being so heartless this time?"

Weng Chun softly asked.

Although she still didn’t have her own children, being a carefree rich lady was something she was very content with in her current life.

"How would I know?"

Ren Yan was puzzled; he had no idea what had gone wrong.

The current economic environment is bad.

This is common knowledge.

Even ordinary people can see it.

The banks tightening policies is also understandable.

But Branch Manager Miao’s attitude was indeed too abnormal.

"How much money did we borrow from him?"

Weng Chun asked.

"About fifty million or so."

Ren Yan didn’t hide anything.

"If he really stops lending, can we repay that money?"

Weng Chun asked cautiously.

"Just over fifty million, I can still pay it back."

Although he said this, Ren Yan’s expression didn’t look relaxed at all.

Fifty million.

He could indeed pay it back.

However, by that time, the cash flow would become quite tight.

In business, the fear is a broken cash flow chain, which in severe cases could cause a flourishing company to go bankrupt instantly.

And, with Branch Manager Miao cutting off the loan, it would surely affect his upcoming plans to expand production.

Jinhai increasing its investment in Tushun Automobile was also an important opportunity for them as downstream suppliers to flourish.

Such chances are fleeting and once missed, may never return.

"I’ll call the other banks to ask."

The banks in Hancheng were far from just one.

Ren Yan asked his wife to bring over his phone and started calling several major banks in succession.

But what was bewildering,

was that the responses from all the major banks were exactly like Branch Manager Miao’s; without exception, all refused his loan request.

Banks need to make money.

Otherwise, how would they pay the substantial interest to savers?

Even if policies were tightened, it would not be possible to stop lending altogether.

And him, Ren Yan, with a good reputation and excellent assets, shouldn’t be denied even the opportunity to negotiate.

Strange.

It really was too strange.

Good fortune never comes in pairs, but misfortunes never come singly.

After being met with one rejection after another, before Ren Yan could gather his thoughts, he then received a call from a subordinate.

"President Ren, Henglong Equipment just sent a notice saying they want to terminate their cooperation with us."

Ren Yan, already in a bad mood, frowned deeply.

"What’s the reason?"

"They say our products don’t meet their requirements."

"Didn’t I say that every product must go through strict quality inspection before leaving the factory? How have you been handling this?!"

"President Ren, I have already asked the quality inspection department, and they assure that all the goods recently sent to Henglong were checked, and there absolutely can’t be any quality issues."

"We’ve been cooperating with Henglong for seven or eight years, and it’s always been fine. Henglong wouldn’t wrongly accuse you all, would they?!"

Ren Yan thought his subordinates were making excuses.

"President Ren, I immediately contacted the relevant person in charge at Henglong and asked them to send the products they considered substandard back to us for another quality check, to see what the problem was, but they flatly refused."

Ren Yan frowned.

Another phone call came in.

"Wait a moment."

He answered the second call.

"President Ren, Dongfeng Technology has terminated their negotiation talks with us."

"President Ren, Top Group has accused us of unfair competition and has already initiated a lawsuit in court."

...

The calls came one after another.

Weng Chun was panicking.

Ren Yan’s complexion was ashen.