Kelly Hillock

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.

Blanket Liens and Their Impact on Small Business Loans

Blanket liens are when you allow a lender to take your assets like machinery or inventory without restriction if you default on loan payments. Blanket liens can be applied to both business and personal loans. Lenders will submit a UCC-1 filing to your Secretary of State’s office to create a public record, notifying other lenders… Read more »

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How Seasonal Business Can Thrive Financially Year-Round

Seasonal businesses thrive financially during the busy season, but that does not mean you cannot have passive income or be able to enjoy life during slow seasons. With optimizations to your operations (like knowing which products will sell and when), reducing cash flow waste (by knowing which items to exclude from your menu), and learning… Read more »

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How Purchase Order Financing Works

Purchase order financing, also known as PO financing, is when a third party loans a business the money to increase production and meet the needs of a customer in exchange for payment with interest once the customer pays. It is similar to a small business loan in that you can get the financing you need… Read more »

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What is Cash Flow and How to Calculate It

Cash flow is the movement of actual dollars into and out of a business and does not include non-cash items. One example is that accounts receivable counts toward revenue, but you don’t receive any cash. Another is depreciation, which is an expense that you subtract from revenue before you get profit, but you don’t actually… Read more »

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Depreciation is an Operating Expense & Needs Separating

Yes, depreciation is an operating expense when you use the asset you’re depreciating for your core business operations according to Generally Accepted Accounting Principles (GAAP). Your core business is how you regularly generate revenue as opposed to other activities that create revenue on the side or sporadically.  Depreciation can be a non-operating expense when the… Read more »

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