Cannabis Funding
This funding product for THC is based on your company's monthly revenues, it is not factoring. It provides working capital to qualified licensed cannabis businesses when traditional lenders will not consider funding the cannabis industry.
This funding option is offered by a third-party lender that specializes in cash advances for companies in the cannabis 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. There are several funding programs that are fully automated that allow 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
If your product is limited to CBD, you may qualify for invoice factoring. Click for more information.
For more information on CBD invoice factoring, please complete the SHORT FORM.