1 00:00:00.270 --> 00:00:01.620 Sean Murray: What is a line of credit? 2 00:00:01.620 --> 00:00:06.130 A line of credit. So a line of credit is different from a term 3 00:00:06.130 --> 00:00:09.820 loan, in that you can go and take the money out that you paid 4 00:00:09.820 --> 00:00:12.880 back into it. So a term loan is you borrow money and you pay it 5 00:00:12.880 --> 00:00:16.120 back over a fixed amount of time, with a line of credit, you 6 00:00:16.120 --> 00:00:19.120 could pay down the loan, and then you can take back what you 7 00:00:19.120 --> 00:00:23.050 paid and use it as a revolving line of credit, right? So you 8 00:00:23.050 --> 00:00:28.840 could you could get a line of credit for 10,000. Use 5,000 of 9 00:00:28.840 --> 00:00:34.390 it, then pay the 5,000 back and then take 4,000 of that back. So 10 00:00:34.420 --> 00:00:36.610 a line of credit is something that's revolving that you can 11 00:00:36.610 --> 00:00:39.100 tap back into even after you've paid back into it.