This is what many banks or lenders look at when applying for cannabis loans, dispensary loans, or other green working capital
Income : this can be defined as the present and future Revenue and Sales from the business as shown through the deposits and available balances on the Bank Statements, along with the Financial Statements and Tax Returns of the business and person(s). (obviously if you had cash you wouldn’t need Cannabis Loans!) dispensary loans cannabis financing
Collateral : this can be defined as a something tangible than can pledged as security for repayment of loans, to be forfeited in the event of a default for example Real Estate Property is the most common form of collateral.
Credit Score: a number assigned to a person that indicates to lenders their capacity to repay loans. Credit scores typically range from 300 (poor) to 850 (Excellent).
Startup funding for Cannabis Loans for a Startup Cannabis company is almost non-existent in the traditional banking industry. Traditional banks and Lenders will typically only approve a business loan or line of credit for roughly 10-20% max of the yearly gross revenue that the business made the year before. – Almost every major savings and loan bank in the US.
We all know that banks are not even entertaining lending to cannabis related businesses. They don’t even want your money deposited!
Our cannabis funding solutions are unique and can assist cannabis startup businesses or existing business that need working capital.
This table gives a short summary to the Underwriting Guidelines for Cannabis Credit Lines for obtaining Cannabis Loans:
Underwriting Requirements to Get Approved
Cannabis Credit Lines
Good Personal Credit Score (Minimum 700 and above)
Funding Up to $250K *per borrower
Introductory Interest of 0% for 18 Months
Personal and Business Tax Returns
Profit and Loss Statement
Personal Financial Statement
Subject to Annual Review
If you are ready to apply or just inquire about our services, please fill out this form.
Some types of Cannabis Businesses that we have served and loans we provide are:
CBD and Hemp Beauty and Health Products
Cannabis Security and Delivery Services
Hemp Products and Hemp Applications
Cannabis Business Loans
Marijuana Business Loans
Marijuana Loans / Cannabis Loan
Cannabis Industry Loans
Cannabis Industry Financing
Marijuana Industry Loans
Start Up Business Funding
Start Up Business Loans
Hemp Business Loan
CBD Business Loan
Hemp Manufacturing Loan
Cannabis Equipment Financing
Marijuana Equipment Financing
Cannabis Equipment Lease