Cannabis Funding
Cannabis | Tetrahydrocannabinol (THC) Funding Option
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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.
BENEFITS INCLUDE:
- 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.