Chapter 45: Rolling Banknotes

Lan Si took a stack of money from the drawer, counted ten five-dollar ones, placed them in a row on the table, counted them in front of this gentleman, then stacked them together and handed them over.

"Can I ask one thing, why choose us?"

This gentleman said while counting the money, "Only you are willing to lend me fifty dollars. They think it's too little, and the interest is too high."

Before coming here, he had also been to other places to borrow money, but obviously he didn't borrow any money.

It's not that fifty dollars doesn't have profit space. It actually not only has profit space, but the profit space is not small.

According to the current practice of financial companies, borrowing fifty dollars, maybe three months later they directly ask them to pay back more than one hundred dollars. This interest rate is really very high.

But there is also a problem here, which is whether this money can be collected back, and whether the cost to be borne might appear higher than the profit.

This is a very simple calculation problem. If this gentleman is unwilling to pay back the money after the due date, or disappears, then arranging two people and a car to find him and bring him back, will the various expenses be higher than the profit of this fifty dollars?

Maybe they need to find him for a week, plus various other expenses, such as the cost of eating outside, this fifty dollars is not enough to cover the money spent finding him.

Then even if the person is found back, and the money is found back, there may also be a loss situation.

So some financial companies are not very willing to do this kind of small business, and the high interest also makes people flinch, which is also the main reason why Lan Si puts the business under one hundred dollars.

They are not interested, he does it, first spread the business, avoid competitiveness, and then consider expanding upward.

Lan Si not only let this gentleman sign, but also pressed his fingerprint, and wrote the words "I have carefully read the above content, and voluntarily recognize it, willing to bear all legal consequences" on the last line, locking the legality of this contract.

Then he counted the fifty dollars cash Lan Si handed him, and this gentleman left happily with the money.

Lan Si took out a brand-new notebook, recorded the little partner's name on it, and then recorded the specific content of this business, "After his debt is settled, you can get... four dollars and eighty cents commission from this order."

The little partner smiled until his eyes narrowed into a line. This earned almost five dollars?

Is this money too easy to earn?

Lan Si bumped fists with him, let him continue to work hard, and he himself, carrying these things, found a bank nearby.

"What business are you here to handle, sir?"

A manager in the lobby took the initiative to greet him, mainly because Lan Si's dress looked different from those muddy legs, and he seemed to have driven a car.

Wealth is the most effective pass in the Federation, from strip clubs to the Presidential Palace, nothing is not like this.

"I want to consult about loan business."

"Loan?"

"Please follow me..."

The two passed through the lobby with decent decoration and came to the credit loan office. The manager knocked on the door and let Lan Si in.

This was an independent office. A gentleman in his forties sat behind the desk. He took the initiative to stand up, walked to Lan Si, and shook hands with him, "Please sit down, how should I address you, sir?"

"Lan Si."

"Okay, Mr. Lan Si, you can call me Jonathan. You see, my job is to be responsible for loan business."

"Then...", he rubbed his hands together, "What can I do for you?"

Lan Si placed the two checks and the contract on the table, "I want a loan, sixty-five dollars, for two months."

Jonathan took a deep breath, first checked the two checks, the kind that is very common, almost everyone has. He checked the account number on it. This is an account used by union workers to receive wages.

This money will go through the union once every month, and then enter this account. This is very common in Jincheng.

There are the most underclass workers here, so the power of the union here is also surprisingly large.

Then it was that contract. He checked it seriously, confirmed there were no tricks in the wording, and asked uncertainly, "So, this is..."

"Collateral."

"The owner of these two checks currently has no money in the account, but the first check will be cashed in a week. At that time, he will get his first salary, which is thirty-seven dollars, all here."

"This is his salary next month, also thirty-seven dollars. I use these two checks that can be cashed to borrow sixty-five dollars. Any problem?"

Jonathan encountered this situation for the first time. He was a bit uncertain, "I don't know, honestly."

"If... this... gentleman suddenly lost this job.", he tried to find loopholes here, and then refuse this loan business he couldn't understand.

However, Lan Si didn't give him this opportunity, "So I let him sign a work card rental agreement, four months. It can get at least sixty dollars in rental fees from the hands of any illegal immigrant."

"If you have some understanding of the market situation, you will know that in fact, the current monthly work card has risen to twenty dollars, which is the current universal price."

"In other words, it exists with a profit space of eighty dollars."

The storm against illegal immigrants is ending, but the impact it brought is still continuing. The most typical is the rise in work card rental fees.

You can see this as the extortion of local natives, but there will still be people willing to rent these work cards.

Because they stopped working for a month or a month and a half, the illegal immigrants who originally had no savings, if they don't work again, they might face the big problem of having no food to eat!

Now, almost none of the free food distributed on the street can be seen. Those young people like lunatics will knock all the food to the ground, so as not to let them help those illegal immigrants who can't afford to eat.

Jonathan is a local, he knows this very well.

The current personal loan interest rate of the bank is calculated at an annual interest rate of twelve percent, which is one percent interest per month,?

Jonathan fell into a dilemma at this time. He didn't want to facilitate this order because it was unique, unprecedented, and might bring him trouble.

But regardless of the size of the business itself, this is after all a proof of work. Banks value this very much, which is also the "attitude problem" that capitalists talk about.

Just when he was in a dilemma, Lan Si added some weights to this end of the balance, "In fact, I only brought one of them. I have many such businesses, Mr. Jonathan."

"Thousands, or even tens of thousands of dollars, every month."

"You probably also see what I do, so you don't have to worry about this loan having problems at all, because all problems, before it becomes your trouble, I have already solved it!"

Jonathan pursed his lips, "Thousands, or tens of thousands?"

Lan Si nodded slightly, "Maybe more."

He stood up straight and examined the two checks and the contract again, "But we haven't done these, and a week later..."

"You can directly cash this check. I believe no one can cash it faster than you!"

Hearing this, he was a bit moved. This means the risk is smaller, locking the account, allowing entry but not exit, and then deducting what should be deducted, almost no risk at all, "Then the other one..."

"Same operation, the extra money is transferred into my account."

Jonathan considered for a long time, then placed the things on the table and extended his hand, "Do you want cash or check?"

"Also, you have to supplement an authorization letter for me, authorizing me to operate these two checks. You know, in case of problems, we need to know who should come to bear these responsibilities!"

Lan Si held Jonathan's hand tightly, "No problem, you will find that today is your luckiest day!"

Jonathan smiled and shook his arm twice, "Hope so..."

Such a strong guarantee wants to borrow money from the bank, which is very simple, which means Lan Si now hasn't done anything, and has already obtained a profit of fifteen dollars.

Although two months later the bank will deduct the part of the profit he "loaned," adding up to two percent of sixty-five dollars, which is one dollar and thirty cents.

But compared to the fact that he can get a part of this money now, which is sixty-five dollars, this loss of one dollar and thirty cents is completely acceptable!

And in this process, the funds are constantly rolling. It can be said that he is willing to give the bank more money, because he gave the bank more money, which means he can also earn more money!

Erwin was still worried that the money in Lan Si's pocket was not enough. If it wasn't that the money in his hand was really not enough, he wouldn't even be an intermediary for Alberto, he could handle it himself! ===== CHAPTER 46 =====