How to Access Capital for Your Business

Accessing capital to start a business can be a challenging but essential step for many entrepreneurs. As a serial entrepreneur, opening The Presley Post has been my biggest business venture to date and what helped me significantly in the beginning of my journey was making sure my personal finances were in order. My personal savings and credit helped me launch my business start up, and secure my first brick and mortar location as I did not have business credit established at the time. In addition to my personal finances, I also had a clear vision and a solid business plan which opened doors for me.

Whether you are looking to purchase equipment, inventory, furnishings, launch a marketing campaign, hire contractors/employees, or renovate a space, accessing capital can help you reach milestones in your business.

how to access capital for your business photo and key visual poster

Here are some common methods to consider to raise capital for your business:

Personal Savings

Using your personal savings is one of the most straightforward ways to fund your business. This shows potential investors or lenders that you are personally invested in the success of the venture.

Family and Friends

You can approach friends and family members who believe in your business idea and are willing to invest in your startup. Be clear about the terms and conditions of the investment to avoid any misunderstandings.

Bank Loans

Traditional bank loans are a common option for entrepreneurs. Prepare a detailed business plan and financial projections to present to the bank, as they will want to assess the viability of your business. Pro Tip: It’s also important to establish banking relationships. Go inside the bank instead of going through the drive thru so that the bankers and managers can put a face to your name.


Microloans are small loans typically offered by community organizations, nonprofits, or online lenders. They are often more accessible for startups with limited credit history or collateral. *If you are local to Louisville, KY, Park Community Credit Union has an awesome microloan program.

Angel Investors

Angel investors are individuals who invest their personal funds in startups in exchange for equity ownership. They often provide not just capital but also valuable advice and connections.

Venture Capitalists (VCs)

Venture capitalists are professional investment firms that provide larger amounts of capital to startups in exchange for equity. They typically focus on high-growth potential businesses.


Platforms like Kickstarter, Indiegogo, and GoFundMe allow you to raise funds from a large number of people who believe in your idea. In return, you may offer them rewards or early access to your products/services. I would highly recommend creating a 2-3 minute video for your crowdfunding campaign, to share your story and more about your business. The better you are able to appeal to your audience’s emotions, the more likely they are to donate funds and support your business venture.

Small Business Administration (SBA) Loans

In some countries like the United States, the Small Business Administration offers various loan programs designed to help small businesses get started and grow.

Business Incubators and Accelerators

Some programs provide not only funding but also mentorship, resources, and networking opportunities for startups. *If you are a minority business owner local to Louisville, KY looking to get into a business incubator, check out AMPED, RPOP, or GEDDI.

Strategic Partnerships

Consider forming strategic partnerships with companies or individuals who can provide funding or resources in exchange for a mutually beneficial relationship.

When seeking funding, it’s essential to have a well-thought-out business plan, a clear
value proposition, and a strong understanding of your target market. Be prepared to
articulate your business idea and how you plan to use the funds to achieve your goals.
Additionally, some funding sources may require you to give up equity or repay the funds
with interest, so carefully consider the terms and implications of each option before
making a decision.

Here is a list of CDFIs (Community Development Financial Institutions) and other organizations in KY that you can work with to access capital for your business:

Wishing you the best of luck on your journey!

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There are parking meters, two paid lots, and a paid parking garage on 8th street. Monthly Passes are optional. 

These are the designated parking options when visiting The Presley Post. 

Do not park in the lot behind our building. This is a violation and your car WILL BE TOWED at your expense. NO EXCEPTIONS.

This lot is reserved for the law office upstairs and it is being watched.

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