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766. Loans and Venture Capital (Part 1)

Within two days, the bank semi-colon in Luoyang City released another news, that is, the bank issued two new support plans. Anyone who founded a production industry in Mengjin County can provide certain support, such as loans and venture capital. It can be said that it is a low-interest loan, and even some creatives can obtain interest-free loans, which makes some people excited. Some people actually want to borrow money if they don’t have interest, which is simply too surprising. Is there such a good thing? Many people go to the bank to inquire about this business, after all, this seems to be very profitable, so they all want to see if they can borrow some money. Even some merchants with difficulties in capital turnover want to take advantage of this opportunity to borrow an interest-free loan, which is of course better.

"Our bank's interest-free loans are no more than fifty pounds of money at most, so those who want to turnover should not come. Our bank's interest-free loan does not support you for turnover," Cui Ying said.

"Shopkeeper Cui is our chief shopkeeper in Chang'an, so what she said is what our bank says, and the boss also means that." said the shopkeeper of the bank's Luoyang branch.

I heard that I could only borrow less than fifty stags of money, which disappointed many guys a lot, because the loan amount was too low, and it was only fifty stags of money, which was not a big figure for slightly larger shops. Therefore, fifty stags of money is nothing, and there is not enough working capital. Therefore, many people were disappointed a lot.

"Who can take this loan?" someone immediately asked.

"This loan was proposed by our bank boss, and it is specially for merchants who buy production workshops in Mengjin County. They can use this money to start production industries and then gradually grow and grow. Especially those who want to do business but have no first pot of gold. We specially target these people, so we specially set up a loan without mortgage, and low-interest or even interest-free loan." Cui Ying said.

Jing Wen smiled behind him. Obviously, this loan was created by him. This loan was actually a small-scale entrepreneurial loan established by Jing Wen in some places in his later generations, specifically providing young entrepreneurs with the first pot of gold so that they can start their own businesses successfully and eventually become real big businessmen.

In fact, Jing Wen also knew about it in later generations? Don’t many young people lack the so-called first pot of gold in their entrepreneurship? Many of them have many good ideas, but they just don’t have the first capital, so they cannot truly succeed in starting a business. Countless people are stuck in this first pot of gold. If they are not stuck in the first pot of gold, then businessmen in the world may be able to have a lot more. Maybe those stuck people don’t know how many good ideas there are in their minds, and then they can burst out with infinite power and bring countless money! But perhaps it is this problem of the first pot of gold that has completely disappeared and cannot appear in the world.

Therefore, the micro-loan policy in later generations cannot be said to be bad, but in later generations, not many companies could enjoy this kind of funding. And not many companies could become big businessmen based on this policy. Therefore, they did not show their advantages. Jing Wen came to this time and space. Since he wanted to support business, he naturally had to make more people become businessmen. To increase the number of merchants, let merchants occupy a sufficient proportion of the population. This is enough to allow merchants to continuously exert their influence.

There are not many businessmen in the population proportion, which is also one of the reasons why the government marginalizes merchants. If there are one-tenth of merchants in the world in the future, and 80% of the people will get revenge and gain benefits through merchants, then even if the government gives more than a dozen courage, they will never dare to underestimate merchants. Therefore, Jing Wen now supports merchants through low-interest loans or even interest-free loans. This will allow merchants to rise faster, allow many people to become merchants, and make business more developed.

"Our boss said that the interest rate for this low-interest loan is six cents per year, which is six percent," Cui Ying said.

Countless people were jealous because six percent interest rates were completely low at this time. In this era, except for banks, the annual interest rates were 50% and 60% in other places. Although this six percent, although in later generations, was roughly the average representative level, in ancient times, it was just as if there was no interest, which made everyone envious those who could start a business with loans. Those who started a business with loans in Mengjin County could actually enjoy such treatment. Many people felt that they were born at the wrong time and did not enjoy this policy. If they had this plan back then, it would have developed to the scale of today. Even those big merchants were very envious.

"For those who are well-known in the villages, we can borrow interest-free loans, that is, loans without interest. This is to encourage everyone to do more good deeds, so good people will definitely get good rewards. Therefore, interest-free loans are completely free of interest, and the repayment time can be extended. However, this can only be achieved by having a good reputation between neighbors, being able to be filial to parents, and being harmonious with brothers."

Damn, this bank actually has these treatments. It is surprising that he is filial to his parents and can still enjoy interest-free loans. And aren’t these banks businessmen? Why have they all changed their careers and become philanthropists? Although there are philanthropists, in ancient times, not many people were able to do charity for a long time!

Jing Wen believes that this person is usually in a neighborhood relationship, and can be filial to his parents and harmonious brothers, so it must be someone who helps him. Such people usually don’t lose money by taking loans. Therefore, interest-free loans will not be too risky. Anyway, it’s just a loan! After all, people with good moral character will never make themselves lose money. Anyway, it’s better to treat it as a reward for kind people. Of course, it’s only limited to Mengjin County, and there is no other county. After all, Jing Wen’s funds are not rich, and they are all taken from ordinary merchants. If people from all over the country come here to borrow money like this, then Jing Wen’s money bag will probably be emptied.

"What is venture capital?" someone asked immediately. (To be continued, please search for Astronomy, novels are better, updated and faster!
Chapter completed!
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