Starting from a Fake University
Chapter 1057 - 574: City Government’s 10 Billion Subsidized Loan (Please Subscribe)_2

Chapter 1057: Chapter 574: City Government’s 10 Billion Subsidized Loan (Please Subscribe)_2

If we are really going to build cars on our own, we definitely need to plan more things in advance.

Besides having an automotive design research laboratory, another core component is the production line, meaning the car factory.

Just like the Chang’an Group, they have a large car factory in Mist City that specifically manufactures Chang’an Group’s cars.

"Building a factory is going to require quite a bit of money, most of our available funds have already been invested in the graphene industry," Ding Yue murmured upon hearing this.

Ding Yue originally had about two billion yuan in available funds, but most of it had been used for the large-scale expansion of the graphene plant area that started this year.

Constructing the plant area, manufacturing equipment, and staff salaries are all substantial investments, especially the salaries for the employees at the graphene plant area, which is a considerable expense.

Additionally, Ding Yue also had to reserve some money for his Mist City Arts and Science University.

The annual educational expenses of Mist City Arts and Science University are also a substantial sum, with just the salary payments for teaching staff being quite high.

However, even so, Ding Yue had never thought of cutting the welfare expenses for the teaching staff, which could be considered his bottom line.

After all, only generous welfare benefits can keep these talents at Mist City Arts and Science University.

At the same time, Ding Yue also relied on high salaries and benefits to attract the students educated at his Mist City Arts and Science University to stay and work for him, and such high new welfare benefits also motivate all the staff to work harder for the school and for Feiyue Group.

These years, manufacturers and companies nationwide have been vigorously implementing 996, squeezing every bit of surplus value out of each employee.

Ding Yue hoped that his Feiyue Group could become the last fertile land in Xia Country.

After all, his Feiyue Group never relied on squeezing surplus value from employees to generate profits but instead relied on advanced technology, products, and concepts to create higher revenue.

"Hehe, Principal Ding, the matter of money is actually the second reason I came to see you," An Yujia said with a chuckle.

"Oh?"

Taken aback, Ding Yue quickly asked, "What is it? Go on, tell me."

If the financial issue could be resolved, then they could indeed start planning ahead for constructing the car factory.

"Principal Ding, after our order collaborations with the military and aerospace sectors, hasn’t the Mist City Government officially decided to support our graphene industry? I just discussed with the relevant officials at the Mist City Government about loans, and their support policy is quite strong," An Yujia said seriously to Principal Ding.

"What do you mean by strong? Don’t tell me there’s no interest to pay?" Ding Yue asked curiously.

"Principal Ding, how did you know?"

An Yujia looked at Principal Ding in astonishment.

"Uh, I just mentioned it offhand, there’s really no interest to pay?" Ding Yue suddenly widened his eyes.

This was indeed good news; getting a bank loan without interest was not a privilege everyone could enjoy.

"Yes, Principal Ding, Mist City Bank is providing us with special industrial loan funds, a three-year term, without the need to pay any interest. After two and three years, the interest will be calculated at fifty percent of the normal interest rate," An Yujia excitedly explained.

Ding Yue understood.

This meant that Mist City Bank was giving a loan to his Feiyue Group and for three years, they wouldn’t need to pay a penny in interest. After three years, the interest would start, and it would be calculated at half the normal rate for commercial company loans.

The extent of this benefit was indeed very strong.

However.

Now Ding Yue had another doubt, which was about the loan amount Mist City Bank could provide to his Feiyue Group.

If it was just a few hundred million yuan, then it was actually unnecessary. Ding Yue could just bite the bullet, not needing those hundreds of millions in loans, as his Feiyue Group and Mist City Arts and Science University could still smoothly get through this year.

Then, by next year, his Mist City Arts and Science University would again receive at least over two billion yuan in tuition fees.

Of course.

If it was a huge loan, Ding Yue could then consider it.

After all, with a huge loan available, Ding Yue would be able to reallocate the funds originally invested in expanding the graphene industry to building his own automotive factory.

With this, the financial issues Ding Yue was worried about earlier could be readily resolved.

"Miss An, what is the three-year interest-free loan limit offered by the Mist City Government?"

Ding Yue immediately asked this very critical question.

A smile appeared on An Yujia’s face as she then held up one finger.

"One billion? That might as well be nothing."

Seeing this, Ding Yue immediately shook his head.

"Principal Ding, it’s not one billion," An Yujia said with a smile.

"Ten billion?"

Upon hearing this, Ding Yue felt that ten billion yuan might seem somewhat reasonable, but considering it was only ten billion yuan from Mist City Government, that seemed a bit stingy, considering their promise of strong support for Feiyue Group’s graphene industry.

"Not ten billion!"

An Yujia continued to shake her head, "Principal Ding, it’s ten billion yuan!"

Wow!

Ten billion yuan!

This was somewhat unexpected for Ding Yue.

After all, although Ding Yue knew that the Mist City Government planned to make his graphene industry a pillar tech industry in Mist City, he thought support would come gradually. But instead, they immediately offered a huge ten billion yuan three-year interest-free loan.

This indeed was quite supportive.

After all, besides the ten billion yuan three-year interest-free loan, the Mist City Government’s support also included various policy supports, such as tax benefits, among others.

And as long as Feiyue Group needed land, the Mist City Government would have no reason not to provide it.

"Ten billion yuan, if that’s the case, we’ll take the loan," Ding Yue said without any hesitation, it was a great opportunity that could not be missed.

This was effectively like Mist City Bank giving him ten billion yuan to use for three years. By then, Ding Yue believed his graphene industry would have become a leader in the field. After three years, repaying the ten billion yuan to Mist City Bank without even any interest due was an extremely favorable deal.

"Okay, Principal Ding," An Yujia nodded, responding, "Mist City Bank will give us the first installment of two billion yuan. If you need it now, we can proceed with the lending formalities."

"Let’s do it!"

Ding Yue said decisively, "This two billion yuan loan will be used as the fund for the current expansion of our graphene industry, and the money I have previously invested can be used to establish the automotive factory."

Ding Yue’s planning was very thorough.

An Yujia understood this well, the idea of establishing an automotive factory was hers and had just been discussed with Principal Ding.

With this loan from Mist City Bank, Principal Ding indeed had the funds to establish an automotive factory.

By next year, both the graphene industry and new energy vehicles would be on the agenda.

"Miss An, aside from the loan, what are the tax and other policy incentives that the Mist City Government is offering us?" Ding Yue asked curiously, looking at An Yujia.

Since the Mist City Government had officially decided to support the development of Feiyue Group’s graphene industry, various policy incentives had started to roll in.

Such as the ten billion yuan three-year interest-free loan.

Ding Yue believed that this was definitely not all; in terms of taxes, land, and other aspects, the Mist City Government surely had substantial preferential policies to offer.

"Principal Ding, in terms of tax, our corporate tax will be fully exempted next year, and in the second and third years, the related taxes on the graphene industry will have a reduction ranging from thirty to sixty percent," An Yujia responded promptly as Principal Ding asked about other policy incentives.

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