{"id":12,"date":"2020-01-19T20:00:16","date_gmt":"2020-01-19T20:00:16","guid":{"rendered":"https:\/\/cannabiscreditlines.com\/blog\/?p=12"},"modified":"2020-05-23T17:44:11","modified_gmt":"2020-05-23T17:44:11","slug":"cannabis-loans-dispensary-loans","status":"publish","type":"post","link":"https:\/\/cannabiscreditlines.com\/blog\/cannabis-loans-dispensary-loans\/","title":{"rendered":"Cannabis Loans And Dispensary Loans"},"content":{"rendered":"

This is what many banks or lenders look at when applying for cannabis loans, dispensary loans, or other green\u00a0working<\/span>\u00a0capital\u00a0<\/span><\/strong><\/span><\/h2>\n

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Income : <\/b>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<\/span><\/p>\n

Collateral : <\/b>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<\/span> Real Estate Property is the most common form of collateral.<\/p>\n

Credit Score<\/a>: <\/b>a number assigned to a person that indicates to lenders their capacity to repay \u00a0loans. Credit scores typically range from 300 (poor) to 850 (Excellent).<\/span><\/p>\n

Startup funding for Cannabis Loans for a Startup Cannabis company\u00a0is 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 <\/span><\/span>of the yearly gross revenue that the business made the year before.<\/span>\u00a0 \u00a0\u2013 Almost every major savings and loan bank in the US.<\/span><\/em><\/strong><\/span><\/p>\n

We all know that banks are not even entertaining lending to cannabis related businesses. They don’t even want your money deposited!\u00a0<\/strong><\/span><\/p>\n

Don\u2019t have time for red tape and aren\u2019t interested in hearing \u201cNO\u201d again?<\/span><\/span><\/span><\/p>\n

\"cannabis<\/p>\n

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Our cannabis funding solutions are unique and can assist cannabis startup businesses or existing business that need working capital.\u00a0<\/span><\/h3>\n

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This table gives a short summary to the Underwriting Guidelines for Cannabis Credit Lines for obtaining Cannabis Loans:<\/span><\/p>\n

 <\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Underwriting Requirements to Get Approved<\/b><\/span><\/span><\/p>\n<\/td>\n

\n

Cannabis Credit Lines<\/b><\/span><\/span><\/p>\n<\/td>\n

\n

Other lenders<\/b><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Good Personal Credit Score (Minimum 700 and above)<\/span><\/p>\n<\/td>\n

\n

YES<\/b><\/span><\/p>\n<\/td>\n

\n

Yes<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Funding Up to $250K *per borrower<\/span><\/p>\n<\/td>\n

\n

YES<\/b><\/span><\/p>\n<\/td>\n

\n

Yes<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Introductory Interest of 0% for 18 Months<\/span><\/p>\n<\/td>\n

\n

YES<\/b><\/span><\/p>\n<\/td>\n

\n

No<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Collateral (Secured)<\/span><\/p>\n<\/td>\n

\n

Not required<\/b><\/span><\/p>\n<\/td>\n

\n

Required<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Personal and Business Tax Returns<\/span><\/p>\n<\/td>\n

\n

Not required<\/b><\/span><\/p>\n<\/td>\n

\n

Required<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Bank Statements<\/span><\/p>\n<\/td>\n

\n

Not required<\/b><\/span><\/p>\n<\/td>\n

\n

Required<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Balance Sheet<\/span><\/p>\n<\/td>\n

\n

Not required<\/b><\/span><\/p>\n<\/td>\n

\n

Required<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Profit and Loss Statement<\/span><\/p>\n<\/td>\n

\n

Not required<\/b><\/span><\/p>\n<\/td>\n

\n

Required<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Personal Financial Statement<\/span><\/p>\n<\/td>\n

\n

Not required<\/b><\/span><\/p>\n<\/td>\n

\n

Required<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Subject to Annual Review<\/span><\/p>\n<\/td>\n

\n

Not required<\/b><\/span><\/p>\n<\/td>\n

\n

Required<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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If you are ready to apply or just inquire about our services, please fill out this \u00a0form<\/a>.\u00a0<\/span><\/span><\/h4>\n

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Some types of Cannabis Businesses that we have served and loans we provide are:<\/p>\n

Cannabis Producers<\/p>\n

Cannabis Processors<\/p>\n

Cannabis Retailers<\/p>\n

Edibles Sellers<\/p>\n

CBD and Hemp Beauty and Health Products<\/p>\n

Cannabis Security and Delivery Services<\/p>\n

Dispensary Loans<\/p>\n

CBD Producers<\/p>\n

CBD Products<\/p>\n

Hemp Products and Hemp Applications<\/p>\n

Cannabis Business Loans<\/p>\n

Marijuana Business Loans<\/p>\n

Marijuana Loans \/ Cannabis Loan<\/p>\n

Cannabis Industry Loans<\/p>\n

Cannabis Industry Financing<\/p>\n

Marijuana Industry Loans<\/p>\n

Start Up Business Funding<\/p>\n

Start Up Business Loans<\/p>\n

Startup Funding<\/p>\n

Startup Loan<\/p>\n

Startups<\/p>\n

Hemp Business Loan<\/p>\n

CBD Business Loan<\/p>\n

CBD Funding<\/p>\n

Hemp Funding<\/p>\n

Hemp Manufacturing Loan<\/p>\n

Cannabis Equipment Financing<\/p>\n

Marijuana Equipment Financing<\/p>\n

Cannabis Equipment Lease<\/p>\n

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This is what many banks or lenders look at when applying for cannabis loans, dispensary loans, or other green\u00a0working\u00a0capital\u00a0   … <\/p>\n

Continue reading “Cannabis Loans And Dispensary Loans”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-12","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cannabis-loan"],"_links":{"self":[{"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/posts\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":54,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/posts\/12\/revisions"}],"predecessor-version":[{"id":607,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/posts\/12\/revisions\/607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/media\/578"}],"wp:attachment":[{"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/media?parent=12"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/categories?post=12"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/tags?post=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}