Obtaining funding for a small business can be difficult, especially if you are working in the cannabis industry. The federal government still considers marijuana illegal, so big companies are not willing to risk being punished by the FDIC, for offering financing options. Unfortunately, there was also a law recently passed that prohibits the SBA from issuing loans to cannabis companies as well. 

Thankfully, there are alternative lenders who are willing to work with cannabis companies. With cannabis lending we are able to provide a loophole to get the funding you need- whether you’re a cultivator or a retail distributor.  We offer specific cannabis lending options to help scale and grow your business, depending on what type of funding your business needs. Here is everything you need to know about cannabis lending, and why your company should choose us, for the working capital you require!

Alternative Lending is Your Best Bet

If you think you can walk into a well-known bank, and be approved for any type of cannabis lending, then think again! You will probably be shot down if you walk into a big bank. Like we said before, banks are not willing to risk being associated with anyone in the cannabis industry, because of the harsh penalties that can come along. However, alternative lenders are not regulated by the federal government, which makes them the best options for cannabis lending. 

We offer the best terms and our application process makes it easy to obtain the funding you need. We are here to give you working capital for every part of the cannabis supply chain as well. If you need cash to increase brand awareness, or if you’re looking to finance a bulk purchase order, we have a financial solution for you. We even review your application within a week!

What Do You Need to Qualify?

We offer short term financing options to business owners who have working cannabis associated companies. Applicants must submit recent financial statements, including bank and income statements, and balance sheets. You should also be prepared to provide a list of all active cannabis licenses you currently hold.

In addition to these documents, you’ll also need to repay your cannabis loan back without using cash. We require payment in the form of check, ACH, wire or bank transfers. Keep this in mind when you seek any type of cannabis lending. Also, as long as you’re making on time monthly payments, you won’t have to worry about conducting monthly cash audits. This is another reason our cannabis lending options are the best around.

Choose the Right Financing Option

Cannabis companies often struggle with irregular cash flow due to unpaid invoices. Thankfully, we offer invoice financing to get you cash immediately after you issue an invoice. If you need to purchase inventory or want to advertise your business, this is a fast funding option to increase cash flow. You can borrow money for up to 90 days, at a rate of 2.5-3.5% per 30 days, depending on your application results. 

We also offer inventory financing, for the same amount of time, and at the same rate. With this type of financing we’ll pay the vendor directly, so you can continue to operate your business successfully. We provide 100% of the invoice amount, and you don’t pay until you are able to repay the loan completely. You’ll also pay a service fee when you pay back the loan. 

Short term loans are also great options for cannabis companies. We offer loans to cultivators, manufacturers, distributors, retailers, and even ancillary cannabis companies. Our cannabis lending model accommodates every step of the cannabis supply chain to help grow your business. 

We hope you’ve been inspired to trust our team of cannabis experts, so you can get the best cannabis funding possible. We are a licensed team of experts who are waiting to help your business grow and flourish.