Cannabis Financing
Cannabis | CBD Factoring | THC Funding Option
INVOICE FACTORING (CBD)
Cannabis Factoring. Cannabis (CBD) businesses operating under legal authority in their respective states and markets can benefit from accounts receivable financing and invoice factoring. You will be working with our affiliate, which specializes in factoring for companies in the CBD cannabis industry.
Basic Criteria
- licensed cannabidiol CBD cannabis businesses
- We can look at CBD only, no THC
- Solely CBD (Example, no CBD 60% and THC 40% breakdown)
- No Vape products
- Most operate on PO, Invoice, and BOL basis vs agreement
- We look at debtor/customer creditworthiness
- Ideally distributors vs smokeshops as debtors
- Other requirements apply
CANNABIS (THC) FUNDING
This funding product for THC is based on your company's monthly revenues, it is not factoring. It is offered by a third-party lender. It provides working capital to qualified licensed cannabis businesses when traditional lenders will not consider funding the cannabis (THC) industry.
The process has certain criteria, the lender will look at how the business is structured, licensing, 3 to 6 months of bank statements, and how bank accounts are set up plus other underwriting processes. Several funding programs are fully automated which allows for cannabis businesses to easily qualify for funding.
Advantages
- Funding without giving up equity or control
- Minimum FICO score (in the 600s)
- Qualify with 1 year in business and $75K in monthly revenue
- Use the funds for anything your business needs to grow
More...
Medical marijuana is now legal in 33 states, and recreational marijuana in 10, and legislation may be in the works in other states, as a result of this emerging industry, working capital financing has become a necessity for licensed cannabis companies. Financing may be available to subsets of the industry, including:
Biotechnology
Cultivation
Dispensaries
Distributors / Retailers
Growers / Producers
Farmers
Hemp & CBD products
Manufacturers / Wholesalers
Marijuana products
Consumption devices
Cannabis marketing
Cannabis business development agencies
Other ancillary cannabis businesses
For more information, please complete the SHORT FORM.