Cannabis Loans

1. Cannabis Loans 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 something tangible than can be 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

2. yearly gross revenue that the business made the year before. – Almost every major savings and loan bank in the US. 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.