If you’re searching for cannabis equipment financing, dispensary loans, or other types of cannabis loans, you should be aware that there are some obstacles to face. How can you get money for the cultivation, harvesting, packaging, and distribution costs that a canna business demands? It is expensive – and most banks and credit unions won’t help you.
This article explains how to approach getting the capital you need to gain entry into the thriving cannabis industry.
Cannabis Equipment Financing
A cannabis equipment financing loan might be just what you need to keep your cannabis or hemp business on track and growing (literally).
When you need a piece of equipment to maintain or increase your operations, it either takes a large chunk of money or some type of financing. Many small business entrepreneurs simply don’t have sufficient cash flow to purchase new or used equipment outright.
A cannabis equipment loan is much like other types of loans, like an automobile loan, for instance. You can use the buying power of a cannabis equipment loan to purchase nearly any type of equipment you need, including:
- Edibles manufacturing facilities
- Lighting & grow room supplies
- Dispensary POS systems
- Harvesting equipment
- Cultivation equipment
- Retail fixtures
- Vehicles
The cannabis equipment loan specialists at Cannabis Credit Lines will assist you through the process of getting the cannabis loans your company needs to stay growing.
Dispensary Loans
Cannabis equipment financing is directly associated with dispensary loans. You can utilize your capital to purchase or lease dispensary necessities, including:
- POS business systems
- Accounting & advertising
- Compliance & certification
- Research & product development
A dispensary loan from Cannabis Credit Lines will help you avoid large upfront costs for the display cases, fresh decor, office equipment, and other necessities of a dispensary.
You’ll benefit from low monthly payments, 0% interest for up to 18 months, minimal paperwork, and the pros of working with an established industry lending leader.
Who qualifies for cannabis loans?
We’ve helped hundreds of new cannabis entrepreneurs to obtain cannabis equipment financing, dispensary loans, and other types of cannabis loans. We can work with you if your credit score is at least 700.
Our cannabis equipment loans are approved based on several factors aside from your credit score. Some of these factors are existing trade lines, a history of positive trade, debt coverage service ratio, and the value of the equipment you’re purchasing with the loan.
Think of Cannabis Credit Lines when you need:
- Unsecured startup funding up to $250,000
- Conventional financing up to $10,000,000
- Debt Refinance / SBA 7(a) Loans
- Cannabis Equipment Financing
- Business Lines of Credit
- Strategic Credit Lines
- Dispensary Loans
- Startup Funding
Cannabis Credit Lines is committed to providing tailored financing solutions to meet your unique business needs in the cannabis marketplace. Once approved, you can have your funding within 2 weeks!
Our cannabis equipment financing and dispensary loans experts are waiting to assist you in getting approved for the cannabis loans you need. Begin by completing this quick online form. One of our friendly and helpful team will be in touch shortly.