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.

How Payback Periods Impact Business Loan ROI

Business loan payback periods and ROI are related because the payback period influences the total cost of the loan and how much the monthly payment is, which impacts a company’s cash flows.   The ROI from a business loan comes from this equation:  ROI = (Return – Cost) / Cost  With this said, a full and detailed analysis… Read more »

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Why Two+ Years in Business Are Needed for Loans 

Most lenders will require a company to be in business for at least two years before they can get a small business loan as the lender wants to make sure the company will still be around when the loan comes to term, so the lender can recoup their funds. The risk with a company that hasn’t reached two years is that… Read more »

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What Happens When Financed Equipment Becomes Obsolete 

When financed equipment becomes obsolete during a loan — whether because new technology has leapfrogged the existing design or regulations have made the equipment unusable — the borrower remains responsible for the remaining loan balance. This situation also triggers an impairment test that compares the estimated future cash flows the asset can generate against the asset’s current value on… Read more »

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7 Things to Know Before You Buy a Small Business

Buying a small business can be an easy way to hit the ground running without the uncertainty of starting from scratch — especially if it is already established and has customers. But what happens if the current team does not do well with change, or customers keep coming back because of the person selling and they are part of the brand? … Read more »

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Equity Financing – How it Works and When to Use It

Equity financing is a type of business funding where a company gets money by selling a percentage of ownership to investors. This is different from debt financing where businesses borrow money from lenders and pay it back with interest and the business owner retains ownership of the company.  Unlike small business loans, equity financing doesn’t have a requirement to pay anything back. Investors… Read more »

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