Hongli Group, Inc. (HLP) has released an update.
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Hongli Group Inc. has secured two significant working capital loans to support its operations, one from the Agricultural Bank of China for approximately $1.32 million and another from China Minsheng Bank Corp., Ltd. for approximately $1.38 million. These loans, carrying different interest rates, are backed by personal guarantees and various forms of collateral, underscoring the company’s strategic financial maneuvers in the Chinese market.
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