"Borrowing money to renovate? Fifty percent interest? Such high interest? Could it be a scam? You haven't been duped by this boss, have you?" Liu Yujuan became somewhat wary.
Who would borrow money at fifty percent interest?
It looks just like a scam.
"Sister Juan, we know this boss; he's no swindler. He's a wealthy man, but all his money is tied up in stocks. He doesn't want to sell at a loss, believing that the stocks will at least double in value in the future. And since the restaurant can't go without renovations, that's why he's so eager to borrow money for a quick refurbishment," Li Fang explained.
"Shouldn't the restaurant owner have a house? He could completely mortgage his house to get a loan for the renovation," Liu Yujuan raised a question.
"Of course, he has a house, but it's already mortgaged, and he can't get a loan from the bank," Li Fang said.
"Then he should have quite a few friends; he could totally borrow money from friends to renovate," Liu Yujuan added.
