MCA lenders that do hemp manufacturers?
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  1. #1
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    MCA lenders that do hemp manufacturers?

    Have a client that manufacturers hemp products. does 200-500k a month in sales. What MCA lenders do this industry?

  2. #2
    Senior Member Reputation points: 218103
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    Factor that. Get long-term financing for the guy.
    I've got a factor that can do it, send me an email.

  3. #3
    Member Reputation points: 2466
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    We will take that paper all day long!
    Marissa Tabowitz
    General Manager
    Zero Fees Merchant Processing

    www.zerofees.com

  4. #4
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    several would , espec if the cash flow and credit is good...

  5. #5
    Senior Member Reputation points: 49940
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    I've done numerous hemp/cbd deals. Feel free to reach out if I can be of any help here.

  6. #6
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    We have advanced capital to many in that space. No site inspections.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
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    so, we have learned that many higher risk funder's give about 30% max of the monthly gross sales as offers, and, a lot of times lower. We had a few that in the past would throw out $5K as an offer which was a total disgrace. you really should dive into their underwriting upfront before even signing up with some of these guys. not only will you waste your time and money, you will annoy your client and more than likely, that app and their social will be shotgunned around. buyer beware on all the claims to do all these wonderful things. if they cant tell you the % of gross they fund on average or against adbs, run.

  8. #8
    As long as they do $3.5mm a year minimum and have good A/R or collateral I can get them 12-18%
    Adam Ward
    911 Ave U
    Brooklyn NY 11235
    adam@Funding-Zone
    347-269-1598

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