From abandoned baby to CEO

Chapter 680: The Company of Holes

After getting involved in real estate, Sun Xue realized that although the real estate industry is lucrative, the investment cycle is extremely long and requires a lot of capital.

On the third day after she arrived at the company, she encountered a little trouble.

As the price of raw materials increased, most suppliers began to complain collectively and came to her one after another, clamoring for her to pay part of the payment first.

Sun Xue immediately asked the finance department to settle the money owed by the subsidiary to suppliers.

You really don't know until you calculate it. Once you do the calculation, you'll be shocked when you look at the report that the finance department gave her.

She was surprised to find that the company owed suppliers more than four million yuan.

"Why is there so much?" Sun Xue looked at the Finance Department in surprise.

The finance department said calmly, "There is not a penny on the company's books right now, and there is still a big hole waiting to be filled."

Sun Xue's expression suddenly changed, "What do you mean?"

The financial officer said calmly, "I went to the bank today to do some business, and their director told me that the three million yuan I borrowed from their bank is about to expire."

"If you can't repay the loan on time, the bank will probably sue you in court."

Sun Xue asked, "And then?"

"The courts may enforce, seize, and freeze the company's assets."

Sun Xue felt a chill down her spine when she heard this. "It's so serious!"

The finance department added, “This is the worst possible outcome.”

"Is there any solution?"

The finance department thought for a moment and said, "There is a way. We can find a way to get a loan from other banks to fill this hole."

"However, as far as I know, many banks are reluctant to lend money to our company after hearing that it is heavily in debt. It all depends on whether there are company or personal guarantees."

"Moreover, if the company wants to survive, it needs at least several million in working capital. Once the supplier quits, the company will face bankruptcy and the project will most likely become an unfinished project."

Sun Xue broke out in a cold sweat after hearing what the finance department said.

"A friend of mine also bought a house from our company. She ran into me a few days ago and said she heard our company was going to go bankrupt and she was planning to return the house."

"I even tried to reassure her, saying that the house would have great potential for appreciation in value in the future and asked her not to sell it yet. I was afraid that if the company stopped working, a large number of owners would come to buy their houses, and then we would be in big trouble."

Sun Xue was horrified when she heard this. She had not expected the company's situation to be so difficult. It had come to a moment of life and death.

After learning about the company's true operating conditions, Sun Xue was completely panicked.

The company was in danger, and she suddenly felt powerless.

The first person she thought of was Zhang Zhen. She wanted to have a good chat with him, hoping to get some advice from him.

She went directly to Zhang Zhen's company in a state of anxiety.

Zhang Zhen was a little surprised by Sun Xue's arrival. "Sun Xue, what a rare guest! Why did you think of coming to the company to look for me? What's wrong? You look like you have a lot of hatred and resentment."

"Uncle Zhang, I'm so confused. Do you have time? I want to talk to you."

"Okay, I'm not busy right now, let's go to the cafe downstairs and chat."

The cafe is indeed a great place to relax and chat.

There is a faint fragrance in the air and soft music lingers in my ears.

Several young couples were sitting in the cafe, looking relaxed and comfortable.

Sun Xue envied their living conditions very much, but at this moment, she was anxious, panicky and seemed out of place in such an environment.

"Tell me, what do you want to see Uncle Zhang about?"

Sun Xue frowned, "Uncle Zhang, my father's company...I think it's in great danger right now. If things go wrong, it might go bankrupt."

Zhang Zhen took a sip of coffee and raised his sword-like eyebrows, "Is it that serious?"

Sun Xue relayed the finance department's words to Zhang Zhen verbatim.

Zhang Zhen's expression gradually became more serious, "Ah? Is it really that serious?"

Sun Xue sighed helplessly, "I just learned about it these past few days."

Zhang Zhen muttered to himself, "Your dad has expanded his business too much, and he has a jerk ass partner. Oh! It's his bad luck!"

"By the way, is there any news about the partner running away?"

Sun Xue just shook her head.

"If we can find a way to get a loan from the bank, maybe we can save the company. The finance department said that if the company wants to survive, it needs at least several million in working capital."

Sun Xue said this just to test Zhang Zhen's tone.

According to finance, if you want to borrow a large loan from a bank, you must have a personal or company guarantee.

Zhang Zhen certainly understood what Sun Xue meant. He hesitated and said, "I actually want to help your father, but I also have a bank loan myself. I'm really sorry."

Sun Xue said quickly, "Thank you, Uncle Zhang. I understand."

For Zhang Zhen, guaranteeing is a big risk. Although he has a good personal relationship with Sun Xue, this is Sun Xue's family matter. After hesitating again and again, he still chooses not to take this risk.

The only remaining hope in Sun Xue's heart was completely shattered.

She did not blame Zhang Zhen, as anyone would have done the same.

After all, this is not a small amount of money, and no one is willing to risk their future.

After coming out of the coffee shop, Sun Xue walked aimlessly on the street, feeling very lost.

She really didn't know what to do next?

But she was a little unwilling.

Are we just going to watch the company go bankrupt? Get shut down by the court? And let the family's life fall to the bottom?

She suddenly remembered that she had mistakenly entered a pyramid scheme organization, and after escaping, she was sold deep into the mountains. She managed to escape successfully under circumstances that were almost impossible to escape.

She suddenly felt confident in her heart, and she remembered the words: Find hope in despair.

She feels that her current company is just like her situation when she was trafficked to the deep mountains. It seems to be a desperate situation, but there is definitely a glimmer of hope.

She thought that as long as she didn't give up, she would be able to find the key to success.

She believes that the top priority now is, on the one hand, to find ways to raise money, and on the other hand, to appease people's hearts.

She decided to call all the suppliers together, treat them to a meal, and then convey her determination to them so that they could see the confidence.

She did what she said. She asked Liu Bin to call each supplier one by one to express the company's sincerity and to invite them to dinner.

Many suppliers have already heard about the company's current operating conditions. Moreover, Boss Liu is still lying in the hospital and there is no leader. They are more skeptical and worried.

I doubt whether the company can continue to operate and worry whether I can get my money back.

In fact, Sun Xue had no idea whether she could appease the suppliers.

However, even so, she had to bite the bullet and go ahead.

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