Growthcapital is fuel for expansion, but many owners assume the only way to access it is by giving up equity to investors. That’s not true. With the right strategy, you can secure the cash you need and still keep control.
1. SBA Loans
The Small Business Administration (SBA) provides loans that offer favorable terms and don’t require you to sell equity. Many contractors and service businesses use SBA loans for equipment, expansion, or acquisitions.
2. Business Lines of Credit
A revolving line of credit provides flexible access to capital. When structured properly, it can smooth out cash flow gaps without diluting ownership.
3. Asset-Based Lending
If you own equipment, real estate, or strong receivables, lenders may extend credit secured by those assets. This turns balance sheet strength into usable working capital.
4. Alternative Funding Options
Unsecured business credit cards, merchant cash advances, and revenue-based financing can provide fast injections of cash. They come with varying risks, so guidance is key.