Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
Kelly Hillock | Kelly Hillock is the content ... December 1, 2025 4 Minute Read
Capital expenditures (CapEx) are purchases of long-term assets like new vehicles or manufacturing equipment while working capital is the cash a business has on hand to cover daily operations. Working capital is calculated as the difference between a business’s short-term current assets and current liabilities. Both CapEx and working capital are essential for business growth, but they serve different purposes. CapEx involves cash outflow… Read more »
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Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
Kelly Hillock | Kelly Hillock is the content ... November 17, 2025 3 Minute Read
A personal guarantee is a legal commitment where the borrower guarantees they will be personally responsible for any debts in case of default on a small business loan. Personal guarantees create a personal liability for the debt rather than pledging specific assets as collateral. It is very common for lenders to require a personal guarantee, including when the borrower is “creditworthy,” meaning they have strong financials and a good… Read more »
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Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
Kelly Hillock | Kelly Hillock is the content ... November 3, 2025 3 Minute Read
Recasting a personal or small business loan is when a borrower makes a lump sum payment (curtailment) toward their loan’s principal balance. The lender then recalculates the monthly payments based on the new, lower balance while keeping the same interest rate and terms. By reducing the principal owed, the borrower frees up future cash to… Read more »
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Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
Kelly Hillock | Kelly Hillock is the content ... October 20, 2025 6 Minute Read
AI systems like ChatGPT, Perplexity, and Claude (also known as LLMs or Large Language Models) can be used to help find and fix errors on your business loan application, reword sections so they’re clearer if you get stuck with phrasing, and help with the business plan portion including forecasts and charts. This technology can be… Read more »
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Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
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Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
Kelly Hillock | Kelly Hillock is the content ... September 29, 2025 6 Minute Read
The underwriting process for a business loan can be done in as quickly as 24 hours1 and follows a five-step process where: The borrower submits an application online, or at a banking center if it is with a traditional bank, with the documents required. A loan specialist reviews the documents for accuracy and authenticates them… Read more »
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Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
Kelly Hillock | Kelly Hillock is the content ... September 22, 2025 4 Minute Read
Lenders require a deposit, also known as an equity injection, on a business loan between 10% and 35%, depending on the type of business loan. This is a way to recover some of the losses if the borrower defaults on the business loan. Loan deposits are standard procedure when taking either large or small amounts… Read more »
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Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
Kelly Hillock | Kelly Hillock is the content ... September 3, 2025 7 Minute Read
As a small business owner, you have the ability to depreciate assets differently depending on your financial situation and business goals based on IRS publication 946 as some may give you more cash flow now and others provide it over multiple years. Two examples of this are 100% bonus and straight line depreciation. 100% bonus… Read more »
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Kelly Hillock is the content marketing manager for National Funding, where she writes and edits articles for small business owners. Kelly has over eight years' experience in copywriting across a variety of industries, focusing on entrepreneurship and finance. She has a Bachelor of Arts in journalism from San Diego State University.
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