"Yes, we are willing to provide this guarantee. But... but they dare not lend! Carter, your family is a savings bank, so you may not know. Do you know that the commercial loan interest rates issued by banks in Macon are

How high?"

Shaking his head with a wry smile, Rob raised two fingers and exclaimed:

"20! Twenty percent annual interest rate! It's only for one year! Even in Atlanta, the minimum is 19%..."

"If it wasn't for the fact that he couldn't survive anymore and was about to go bankrupt, no entrepreneur would dare to borrow such an exaggerated business loan... No, usury! This is exactly usury!"

Forehead...

Carter slapped his forehead when he heard this. The moment he heard the interest rate, Carter reacted.

As early as when he first traveled through time, he had predicted that when the federal funds rate rose, loan interest rates would inevitably skyrocket. Even this interest rate difference was the profit point he originally considered!

As a result, in the past six months, I have made a lot of money in the stock market, and I have not even thought about interest rates for a while. After all, for several months, I have almost never given out loans, and I have said "rejection" every day.

I didn’t even need to read the details of the loan application, let alone pay much attention to the loan interest rates on the market...

They are refusing to grant loans anyway, and it doesn’t matter whether they look at the interest rate or not!

"Okay, that's what you said. This interest rate is indeed too exaggerated..."

After being reminded by Rob, Carter reacted quickly and rolled his eyes quickly as he agreed.

The loan interest rate in the market is increasing, and you have a large amount of funds to lay down, then in the bank loan market, you may use low-interest loans to seize the market! In other words, you do not have to passively wait for FDI to liquidate the inferior asset structure first

Only with banks can they have the opportunity to expand. You can take the initiative and take the initiative to grab the jobs of your peers...

And to take the initiative, manpower will inevitably need to be increased. They need to be sent to various places, but this group of people...the training cost is not low...

Although bank employees in this era did not have particularly high professional and technical thresholds, they had to be able to detect forgeries of various bills and basic mathematical statistics. Basic mathematical statistics were not bad in the 1970s.

Education in the United States is not as happy as that of later generations. Most people graduate from high school and have little problem with mathematics, but they have trouble identifying bills...

This is really not something that can be done in a short time. Practice with templates, explain, learn how to identify various counterfeit banknotes and checks, and have verification experience when cashing checks. This thing does not take three to five months.

It is difficult to reach the basic level.

After roughly calculating the cost, Carter found that it was not cost-effective to use banks to absorb these people, or to provide them with some bank jobs. Just as Carter was a little uninterested, he planned to add a few more positions at gas stations and restaurants.

When giving Mayor Benjamin a face, Rob suddenly spoke:

"I know that in this environment, your life is not easy. Our city government's reserve funds are also... very embarrassed, and it is difficult to guarantee even the payment of some subsistence allowances. So, if you are willing to help, the city consumption tax,

I’ll exempt you! If it’s in the state, it’s still the same as before, I’ll apply.”

Seeing Carter's troubled expression, Rob obviously misunderstood. Not knowing that Carter was now a "rich man" and having information asymmetry, he saw Carter looking sad.

Roberton felt ashamed. Carter was worried at this time. Why?

Not only have so many more people been hired, wages have skyrocketed, but citizens' consumption has been visibly declining. In other words... asking Carter to help him solve his employment problem is nothing like robbing him of Carter's money.

There is a difference.

Stealing other people's profits to help your city government stabilize employment. This approach, for Benjamin, whose conscience has not yet fed the dog, really makes Carter feel somewhat morally guilty:

He had already helped the city government once, and although he had given Carter a five-year local tax exemption at that time, the thirty part-time workers hired by Carter had actually fulfilled their original agreement with him.

The local tax exemption for the past six months is simply not worth Carter's part-time salary this month. Therefore, in Benjamin's inner moral balance, he does not think Carter owes the city government anything. On the contrary, this young child compares to many Douglass.

The businessman has already appeared to be extremely outstanding and extremely socially responsible!!

Perhaps it was out of compensation for Carter's debt, or perhaps Benjamin didn't want Carter to do these things and eventually bring himself down. After promising to exempt himself from consumption tax, Rob solemnly added as if he had made an oath:

"Carter, don't worry! This time is different from the local tax. I didn't help you apply for the state tax exemption last time. I will help you apply for it this time no matter what."

“Georgia itself is a notoriously poor state, and we don’t expect other state governments to come up with money to help us tide over the difficulties... But at this time, if we don’t give us any preferential policies and let us save ourselves, then

It’s too much!”

"I believe that the governor and others are not fools or cruel people. They can watch people lose their jobs, spend all their savings, and then sell houses and cars...until they have nothing to sell, and finally fall into...

Looking for food in the trash can..."

"The last time the application was rejected, the depression had not yet come. It was just a worry between the two of us, and the state had another reason for rejecting the application. But today is different. Today, the Great Recession has begun, and they will not reject it again at this time.

!so..."

"Stop talking! Thirty places! I'll go back and do some research and try to get thirty positions!"

What else is so?

If the city consumption tax and state consumption tax could be exempted, it would be a huge benefit!

After hearing this, Carter decisively agreed, and at the same time thought to himself: Sure enough, when buying anything, you have to stabilize your mind...

If he had just agreed too early, these discounts might be gone! Carter almost thought of how beneficial the consumption tax reduction would be...

First of all, gas stations, your own gas station is definitely the first beneficiary!

The price of refined oil in any country actually includes consumption tax. In the United States, the consumption tax included in gasoline is not the same as the fixed-rate consumption tax. It is a fixed tax. In Georgia these days, the consumption tax per gallon of gasoline

The total consumption tax is about 20 cents...

It sounds like nothing in isolation. After all, the consumption tax reduction at the city and state levels will only reduce about 16 cents in the end. But the price space of 16 cents is a huge benefit!

Don’t forget, these days, the oil crisis is not over yet!

Compared with previous years, the price of oil is already ridiculously high. Even if it is 10 cents less per gallon at this time, it is nothing. Plus the location of my gas station...

The fuel tank of a truck is already large, so it is 10 cents less per gallon. After filling up the fuel tank of a large truck, the overall savings will be a lot. If you can lower the price of refined oil a little more on the basis of 10 cents.

This gas station will definitely become a hot spot!

And a hot spot can drive business from other surrounding shops...

The profit margins here and there, even thirty more people, are nothing. If not for the fear of missing out, Carter would have just shouted, "Bring me fifty people!"

Even if you won't make any money for a while, all the profit margin will be used to fill the hole of employee wages...
Chapter completed!