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What if the loan expenditure exceeds 5 million?
Payment is entrusted by the lender. According to the Interim Measures for the Management of Fixed Assets Loans, a loan fund with a single amount exceeding 5% of the total investment of the project or exceeding 5 million yuan shall be paid by the lender. If the payment is entrusted to the Lender, the Lender shall examine whether the relevant transaction materials of the Borrower meet the conditions agreed in this Contract before the loan funds are released. After the lender approves the loan, it will pay the loan funds to the borrower's counterparty through the borrower's account and record the relevant details.