Our credit based funding solution can get you the capital your business needs in as little as 2 weeks! When traditional banks say no, we provide a solution to get funding for your Cannabis related Business and you will get a better answer to what is a hemp loan
How it works
We Welcome All Types of Cannabis businesses
The legal cannabis industry generated nearly $9 billion in revenue in 2017, a figure that is expected to more than double by 2020.
Cannabis & Hemp Growers
The Medical and Recreational Marijuana Growing industry is expected to grow at an annualized rate of 29.1%, which is faster than 2.0% projected growth for US GDP. (source)
Marijuana Infused Products
In California alone, consumers gobbled up more than $180 million worth of marijuana-infused food and drinks last year, 10% of the state's cannabis sales. (source)
Colorado pot shops sold more than $88 million of marijuana and related accessories in January 2016. (source)
Typical recreational and medical marijuana dispensaries in 2017 generated $3 million revenue. (source)
Recreational sales in Washington state and Colorado grew by 66% in 2016 – and the number of large, commercial-scale cultivators serving these markets is growing along with it. (source)
Medical Marijuana products
CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. (source)
Banks and lenders were asking me for tax returns and bank statements. They said I would only be approved for 10-15% of my income for the prior year. In the end they wouldn't approve me because I was a start up and in a "high risk " industry, until I found Cannabis Credit Lines. Cannabis Credit Lines got my partner and I the money that ultimately helped us successfully launch our new shop! We are extremely satisfied with how easy it was to apply and get approved with Cannabis Credit Lines.
CBD Oil Manufacturer
Customers were sending me orders and I needed money to fulfill them quickly. After approaching several lenders and getting denied (even though my business had projections and purchase orders), Cannabis Credit Lines was able to obatain the working capital I needed to grow my business.
Medical Marijuana Edible Baker
I needed the capital for equipment and Cannabis Credit Lines worked with me from start to finish with patience and professionalism that is rarely seen in this industry. I received my funds in 12 days as was initially assessed, thanks CCL!