After a long silence, a voice broke the quiet of the hall from the middle of the crowd.
“Mr. Poker Hank, you are right. Based on a base of one hundred million US dollars, those who meet the conditions can obtain a corresponding number of free treatment slots.”
Lin Yao deliberately used incorrect grammar to make the other person understand that he remembered his full name. Of course, he only really remembered Xiao Cao. Lin Yao himself couldn't tell who was who at all.
"If it's an emergency and the patient can't come to China in person, could the angel condescend to travel to the designated country to provide treatment?"
Poker Hank continued to ask questions. The restriction that the angels never leave China has limited the arrival of many critically ill patients. Even though Basil Winton has a miraculous drug that can prolong life, it cannot convince foreigners. This condition is of concern to almost all patients. After all, they took a great risk to come to China when they made up their minds, so they understand the psychology of critically ill patients best.
"No problem, Mr. Hank."
Lin Yao immediately replied that even if he couldn't get a passport and visa, he had a way to leave the country quickly, and Ge Yong had prepared all of this for him.
"Gentlemen, please consider this further. I have something to attend to and must take my leave."
After Lin Yao finished speaking, he nodded to Basil Winton and Peter McWeas and left the hall.
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Chapter 344 Limited Loan Quotas
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Chapter 345 I Really Don't Need That Much Money (Second Update)
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A loan quota of $12 billion has become a hot commodity, with 150 wealthy European and American businessmen vying for it, including reserved spots for the McWeas and Winton families themselves. It is quite ironic, to say the least.
In China, Minhong Pharmaceutical, with a net worth of several billion US dollars, used its fixed assets, which were almost always appreciating, as collateral for loans, but it was faced with early repayment demands. On the one hand, the banking system was worried about not being able to find high-quality customers to issue loans, and on the other hand, it had to actively give up high-quality customers who had already taken out loans. This contradictory behavior made Lin Yao not want to think about it. As some jokes say, domestic banks do not prioritize pursuing corporate profits.
Most of the wealthy Europeans and Americans present are elderly, and they understand the value and significance of health to them personally. They are also very aware of how precious it is to have the friendship of angels. Therefore, they are very willing to squeeze out 100 million US dollars to support China's Minhong.
Even some people who offered interest-free loans didn't think they were really losing out. Purely from the perspective of loan interest rates, the free treatment slots they received for $100 million were worth at least $10 million. Based on a two-year loan term, that guaranteed a 5% interest rate. By that calculation, they weren't losing out at all.
Moreover, they can also gain more benefits in terms of the patient's condition and the special treatment that the angels will provide in the future, which is what they are most enthusiastic about.
Lin Yao set the age standard for the "Longevity Plan" at 73 years old. Once a member reaches 73 years old, unless they join the "Longevity Plan", they will no longer enjoy free treatment for all diseases and may even be advised to leave and be removed from the China Minhong Overseas Club.
Members have priority in qualifying for the "Longevity Program," but this priority is only relative to non-members. There is only one angel, and if the number of members becomes too large, or if the number of patients treated by the angel becomes too large in the future, the number of "Longevity Program" slots will inevitably be reduced due to time and energy constraints.
When people who have struggled their whole lives and achieved great wealth and status enter their twilight years, their greatest crisis is death. Their only desire is to live a long and healthy life. Therefore, the conditions Lin Yao offered today are irresistible to these people and have a fatal attraction for each of them, which is why there was a scramble for loan slots.
None of the people present had a net worth of less than $500 million. Borrowing $100 million would be a small matter for them. Even if they couldn't provide enough cash to Lin Yao immediately, they could use their fixed assets as collateral to borrow from American banks.
Today, the average interest rate for a 5-year adjustable-rate mortgage in the United States is only 3.75%, far lower than the extra profit obtained from the basic consultation fee based on the free treatment slots given by Lin Yao. If it is a 2-year mortgage, the interest rate is even lower in the United States. In fact, these people can obtain even lower interest rates by using their connections and their good personal, family or corporate credit.
This created a situation where whoever lent money to Lin Yao would make money. These Americans, who unconsciously calculate costs and profits even when buying a bento box, naturally scrambled to secure the loan for Lin Yao.
Lin Yao sat in the lobby, where the room temperature had risen to thirty degrees Celsius, chatting idly with several prospective members who had already secured spots. After a full hour and a half, the old man, Piande McWeas, finally managed to sort out the list of loan applicants for Lin Yao with the help of Basil Winton, who came in later to assist.
“My dear Lin.”
Piander McWeas addressed Lin Yao with the most intimate address without any formality, "There's something I need your approval for."
“Mr. McWeis, please speak.”
"There are 150 gentlemen here. Their personal qualities and their enthusiasm for you are truly touching. Here is a list for you to take a look at."
With great poise, Piander McWeas displayed the elegance of an American aristocrat, handing Lin Yao a piece of paper covered in densely packed, crookedly written, beautiful English characters.
Lin Yao was at his wit's end. He couldn't understand what was supposed to be a very beautiful piece of English calligraphy. He even struggled to recognize the first few words, "Smida Winton." Fortunately, Xiao Cao was knowledgeable about calligraphy, so he wasn't too embarrassed.
"Yaoyao, this is incredible! You want to borrow 12 billion US dollars, but the total amount you're supposed to borrow on this list is already 16 billion US dollars. How come there's an extra 4 billion?"
The exaggerated voice of the little grass rang in Lin Yao's mind, startling him. His gaze quickly swept to the last line, where he saw the familiar letters 160DOLLARS, and his mind began to go blank.
"Dear Mr. McWeis, this total seems incorrect. I need to borrow 12 billion US dollars, but the list totals 16 billion. Could you please correct this for me and remove 4 billion US dollars?"
Lin Yao handed the list back to Biande McWeis with a surprised tone, his eyes full of doubt.
Piande McWeas did not reach out to take the list Lin Yao handed him. Instead, he raised his eyebrows and gave Lin Yao an exaggerated, McDonald's clown-like smile, staring at him and making Lin Yao feel a little uneasy.
“Dear Lin, this list is correct; there are indeed 16 billion in funds.”
After saying this, Piande McWeas took the list from Lin Yao, unfolded it in front of him, and quickly tapped the names on the list with his right index finger, saying, "Look at this, look at this, look at this..."
The old man's speed was so fast that Lin Yao couldn't keep up. He suddenly felt that this old man was very suitable for practicing the Six Meridians Divine Sword or the Sunflower Manual, because his fingers were just too nimble.
"Dear Lin, this is help that you cannot refuse. The vast majority of the loans are interest-free, so you don't need to pay any interest. The extra four billion US dollars is also a quota that everyone has specially increased to help China Minhong develop better and faster. Please do not refuse this kind help."
"But I really don't need that much money. 12 billion is enough. Anything more can only be kept in the bank and then returned later. There's really no need for that kind of trouble."
Lin Yao still didn't want to borrow so much money because it was completely unnecessary. Minhong still had more than a hundred hospitals closed, and he didn't intend to reopen them immediately. As for future development, with the profits Minhong had after raising prices, plus the continuous flow of profit funds from Longcheng Group, which was managed by Long Yihun, they could easily handle it.
Even if it were four billion US dollars without interest, there's really no need to keep it in a bank!
“Dear Lin, please don’t refuse kind help.”
Benedict McWeas reiterated his opinion, “Besides myself and Mr. Winton’s men, there are 150 distinguished gentlemen present. If each of them contributes 100 million US dollars, that’s 15 billion. Mr. Winton and I will each contribute 300 million US dollars because you trust us, and we naturally want to set an example. In addition, there are four other distinguished gentlemen whose families are very powerful and philanthropic, so they will each contribute 200 million US dollars. That’s 16 billion US dollars in total.”