Great video. I've been seeing a lot of videos on UA-cam regarding velocity banking, and they all revolve around PLOC and/or HELOC. This breaks down the lines of credit much better than most
This was so helpful! You have helped me realize we need a buisness line of credit rather than a loan. Thank you for your simple explanations! You've convinced me to subscribe.
They typically look at your balance sheet first and make sure that you don’t have too much debt to assets, but they also will look at your p&l to make sure you aren’t running in the red constantly.
The last two years I've been doing accounts payable there's definitely been a couple sticky situations where it would have been nice to have an extra safety net. One time a vendor had to stop taking orders from us for two weeks or so because our balance was getting too high and another time we had to buy a pretty high dollar item(40k) and it was for a job that took about six weeks to complete.
Great video. One thing about the new space / video. The zooming in and out is a little distracting. I'm not sure if your camera is doing that automatically or if that is something you are doing in editing. A little distracting in my opinion. But other than that, all good.
Yes you can, just make sure you make regular payments to the line of credit. If you don't make regular payments the bank can shut down your line of credit anytime.
That's not what she meant. With a loan, you cannot re use the money until the loan is paid off and then you don't re use the money, you borrow it over again. You get it and re pay it and repeat if you want. A revolving line is different. You borrow only what you need from the basket, and repay that part so you basket is full again. The you can reuse money from the basket.
Just an aside. The camera zooms in and out as you move your hands. The material presented was fine but the constant in and out of the automatic camera was distracting!
Great video. I've been seeing a lot of videos on UA-cam regarding velocity banking, and they all revolve around PLOC and/or HELOC. This breaks down the lines of credit much better than most
Great job, especially the way you explained the importance, difference and use of both. Thank you
This video was seriously so helpful. Thank you.
Your new space!! It looks spectacular!
Thanks!! Still need to fill up some empty space, but I’m loving it!
Very helpful! You are great at breaking down information thank you!
Very awesome explanation 😊
New space looks great! Very useful information.
Thank you! Glad it is helpful!
This was exactly what ive been trying to find out, thank you for breaking it down, just subscribed.
Clear and concise and Clara yiu are highly knowledgeable Executive Woman
Thank you sooooo much. If this informations was not available, I would have made a huge mistake.
Great video! Thank you so much 😊
Glad it was helpful!
It’s amazing how far you have come since I first starting following your content years ago…
It surprises me everyday! Thanks for following along our journey!
Thanks so much. This is the best explanation of the differences between these two debt instruments. Subscribed!
Well explained! Thanks.
Thanks for watching!
This was so helpful! You have helped me realize we need a buisness line of credit rather than a loan. Thank you for your simple explanations! You've convinced me to subscribe.
So glad I could clear that up for you! Lines of credit are a fantastic tool for business!
Good job Clara. This content really helped me. You got a new subscriber. God bless !
Thanks so much!!!
Wow, great video!
Explained VERY WELL!
That was very helpful, thank you!
Great to hear! Thanks for watching!
Love your content!
Thank you so much!!
Wow Good background, Pls share more helpful video Hannah "
Thank you! I’ll keep the videos coming!
Go.Go. Go. Love and appreciate your video. Thank you
Cool space 😊
Wow thank you for the clear pure information
Great video! Super insightful
Glad it was helpful!
great explanation
Thanks for this information.
Nice background, Hannah! what do the banks use to determine how much line of credit they will give you?
They typically look at your balance sheet first and make sure that you don’t have too much debt to assets, but they also will look at your p&l to make sure you aren’t running in the red constantly.
Great video
Well done!!!
Thank you for explaining
The last two years I've been doing accounts payable there's definitely been a couple sticky situations where it would have been nice to have an extra safety net. One time a vendor had to stop taking orders from us for two weeks or so because our balance was getting too high and another time we had to buy a pretty high dollar item(40k) and it was for a job that took about six weeks to complete.
Perfect uses of a line of credit!
Great video. One thing about the new space / video. The zooming in and out is a little distracting. I'm not sure if your camera is doing that automatically or if that is something you are doing in editing. A little distracting in my opinion. But other than that, all good.
I think it’s a feature built into Mac products when you move your hands or head
Nice❤❤
Thanks’
@@ClaraCFO welcome dear💕
What happens if you don't let a line of credit rest besides banks not liking it?
Thanks for the content. Can I take a business line of credit and pay off a businesdebt I took using personal credit card?
Yes you can, just make sure you make regular payments to the line of credit.
If you don't make regular payments the bank can shut down your line of credit anytime.
thanks🙂
Question , how can you not get another loan after it’s been repaid ?
That's not what she meant.
With a loan, you cannot re use the money until the loan is paid off and then you don't re use the money, you borrow it over again. You get it and re pay it and repeat if you want. A revolving line is different. You borrow only what you need from the basket, and repay that part so you basket is full again. The you can reuse money from the basket.
Heloc vs. Line of business credit?
HELOC stands for Home Equity Line of Credit - so your home is used as collateral for a HELOC. And HELOCs are not used for business, but for personal.
Personal loan
Just an aside. The camera zooms in and out as you move your hands. The material presented was fine but the constant in and out of the automatic camera was distracting!
Thanks for the feedback! I’m giving this to our editor.
Im pretty sure its just the transmission segmentation
It's probably the auto focus of the camera
😮
You waste too much time in the beginning which is a huge turn off for new visotors
2.10 min that much you talked without even starting with the subject that I clicked for
Gave you thumbs down 👎🏻 take it as a feedback