{"id":16,"date":"2020-02-19T20:00:46","date_gmt":"2020-02-19T20:00:46","guid":{"rendered":"https:\/\/cannabiscreditlines.com\/blog\/?p=16"},"modified":"2020-05-23T17:34:35","modified_gmt":"2020-05-23T17:34:35","slug":"cannabis-businesses","status":"publish","type":"post","link":"https:\/\/cannabiscreditlines.com\/blog\/cannabis-businesses\/","title":{"rendered":"What Types of Financing Options are Available for Cannabis Businesses?"},"content":{"rendered":"<h2><span style=\"color: #008000; font-size: 18pt;\"><strong>What Types of Financing Options are Available for Cannabis Businesses?<\/strong><\/span><\/h2>\n<p><span style=\"font-family: Calibri Light, serif;\">When you are starting a cannabis business or marijuana related business, it\u2019s important to know the types of funding options you can choose from.\u00a0<\/span><span style=\"font-family: Calibri Light, serif;\">Let\u2019s start with what types of funding options there are in the <a href=\"https:\/\/money.cnn.com\/data\/us_markets\/\" target=\"_blank\" rel=\"noopener\">US market <\/a>\u00a0for\u00a0Cannabis Businesses.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong><span style=\"font-family: 'Calibri Light', serif; color: #000000;\">Here are the types of financing methods available for cannabis related businesses:<\/span><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><strong>Consulting Companies<\/strong>:\u00a0Consultants, like <\/span><\/span><a href=\"https:\/\/cannabiscreditlines.com\/blog\/cannabis-business-funding\/\"><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><b>Cannabis Credit Lines<\/b><\/span><\/span><\/a><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\">, specialize in building and obtain funding for cannabis businesses to empower them with the tools and working capital resources they need to meet their unique goals.<\/span><\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #339966; font-size: 18pt;\"><span style=\"font-family: Calibri Light, serif;\"><strong>Business lines of credit<\/strong><\/span><\/span><\/h3>\n<ul>\n<li><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\">Alternative financing companies such as <\/span><\/span><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><b>Cannabis Credit Lines<\/b><\/span><\/span><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"> also offer lines of credit to help cannabis businesses pay for their expenses.<\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><strong>Real estate loans<\/strong>:\u00a0<\/span><\/span><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><b>Cannabis Credit Lines<\/b><\/span><\/span><\/h4>\n<p><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"> has relations with private lenders and investors who will approve your business for a secured loan against your real estate property that can be used to buy or refinance the buildings or raw land you need to run your cannabis business.\u00a0<\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><strong>Equipment leases and rentals<\/strong>.\u00a0Also available through <\/span><\/span><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><b>Cannabis Credit Lines<\/b><\/span><\/span><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\">, any cannabis businesses can apply for a loan or line of credit to pay for any device, equipment, machine, hardware, software, vehicles and more.<\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><b>Crowdfunding.<\/b><\/span><\/span><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\">\u00a0 The JOBS Act of 2012 enabled the US Securities and Exchange Commission (SEC) to allow anyone to invest a small portion of their incomes into small companies in exchange for a stake (or Share) in the business. Now that cannabis companies can avail of crowdfunding, they can raise up to $1 million this way in exchange for giving up equity\/future profit share and diluting their limited number of shares in the company.\u00a0<\/span><\/span><span style=\"color: #00000a;\"><span style=\"font-family: Calibri Light, serif;\">Fundanna<\/span><\/span><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"> and CannaFundr are a few\u00a0equity-based\u00a0crowdfunding platforms that specialize in the cannabis industry.<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #339966; font-size: 14pt;\"><span style=\"font-family: Calibri Light, serif;\"><b>Financial Private Equity Firms<\/b><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\">Financial firms may be willing to offer short-term high-interest loans or funding for a large stake in your company.<\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><b>Venture Capitalists.<\/b><\/span><\/span><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\">\u00a0 In nearly all industries, you will find wealthy investors interested in helping small businesses grow, often in exchange for equity and future revenue share in the business.<\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><strong>Personal loans<\/strong>. \u00a0These require having good credit history with a good FICO score. You must also have enough income to the lender that you can afford to make payments. And have the good character and history of repaying what you borrowed in the past.<\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\"><strong>Home equity loans<\/strong>. \u00a0Cannabis business owners have the option to borrow against the value of their houses\u00a0with a home equity loan.<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 14pt;\"><strong>Which should you use?<\/strong><\/span><\/p>\n<p><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\">The answer depends on your business plan\u2019s profit margins and timeline of events.\u00a0<\/span><\/span><\/p>\n<p><strong><span style=\"color: #242a2f;\"><span style=\"font-family: Calibri Light, serif;\">Cannabis Credit Lines can help you navigate through your options and choose the best option right for your company. You may complete an application by applying<a href=\"https:\/\/cannabiscreditlines.com\/#rec52141936\"> here.<\/a><\/span><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Types of Financing Options are Available for Cannabis Businesses? When you are starting a cannabis business or marijuana related &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/cannabiscreditlines.com\/blog\/cannabis-businesses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What Types of Financing Options are Available for Cannabis Businesses?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":97,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-16","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cannabis-businesses"],"_links":{"self":[{"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/posts\/16","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=16"}],"version-history":[{"count":25,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/posts\/16\/revisions"}],"predecessor-version":[{"id":603,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/posts\/16\/revisions\/603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/media\/97"}],"wp:attachment":[{"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/media?parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/categories?post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscreditlines.com\/blog\/wp-json\/wp\/v2\/tags?post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}