Business Tips

Accessing Capital to Grow Your Business

It takes money to make money. It may sound cliché, but it’s also true. If you want to grow your small business, you’re going to need money to make it happen. That means exploring options for accessing capital. With such access, you can pay for the ongoing production of goods or services, grow your workforce,  and/or physically expand your place(s) of operations.


If you have personal funds that you wish to put toward your business to increase capital, you can always do so. You can utilize personal savings and/or your personal credit card(s) to pay for things that you can use to help grow your business. This can be particularly helpful in the short-term if you need a quick cash infusion, and aren’t able to obtain it elsewhere, or if you simply don’t want to have to answer to anyone else. This isn’t the most sustainable option for long-term business growth, however, even if it can help you solve some current problems.


Another option is to find investors willing to put some money into your business. Investors may include friends or family, colleagues or other business connections, crowdfunding participants, angel investors, or venture capital firms. If you have a solid business plan and convincing financial projections, you just might be able to find people willing to take a chance on your business.

The more experience you have and the longer your business has been around, the more likely you are to find success going the investor route, though it can still be tricky, and it is not without its caveats. Having an investor means having a business relationship, and they may want to be involved in your business beyond simply funding it. Make sure you are happy with the terms before taking money that you’ll one day regret.

Business Line of Credit

A business line of credit is another helpful option for accessing capital, as it lets you access cash on demand and is flexible when it comes to repayment. The revolving nature (not unlike a credit card) means that as long as you make your payments, you will continually be able to draw from this funding pool as needed. HomeTrust Bank offers lines of credit as one of its strategic product solutions designed to help your business achieve its goals.

Small Business Loans

You may simply need a business loan to accomplish what you aim for, and you have several options in that category, as well. HomeTrust Bank is a national SBA 7(a) Lender, and can provide loans up to $5 million to small business owners in a number of industries. The bank is also an USDA Business and Industry (B&I) Lender, providing loans up to $25 million to businesses in rural areas. Explore small business lending options to determine which is right for you.

Access to capital is crucial for businesses of any size, but that is especially true for small businesses looking to grow. Without obtaining the financing you need, your business is unlikely to reach its true potential. Don’t hesitate to seek out the capital you need to grow your business!