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🎙️ Are Business Lines of Credits a Smart Tool?💰-Sponsored by Flow Digital and Pipedrive!
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I'm not saying that you have to have a
line of credit. I just what I'm saying
is is that and then I have many clients
that have a line of credit Never use
never use it, but they know they have it
when they need it, right? People don't
want to have debt, right? It's not that
you should have debt, but it's a
legitimate a tool, right? Most
businesses or, you know, do utilize a
line of credit. The problem that you get
to is when I find out and this happens
many times is you owe the bank and you
maxed out on the line of credit and
you've taken out of the company money
while not paying down the bank debt.
That's unhealthy. A for the cash flow of
the company, right? And B the banks
don't like it either because then in
essence you're telling the bank you're
telling the bank you're you're my
investor. I take the money and I do my
other things with it, right?
>> very important