Results 1 to 6 of 6
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05-20-2019, 01:29 PM #1
- Join Date
- Apr 2015
- Posts
- 15
Cannabis/CBD Businesses with Bank Accounts
Funders!
I have many clients in the green space, looking for a business loan. I am seeking to develop some relationships with MCA funders who LIKE GREEN.
These cannabis folks are business savy- they do not take 1.50 Factor rates. I'm looking for something for my clients that can fit their needs and understand the risk. Looking for 1.25-1.35 Buy Rates on these deals over 6-9 months.
If anyone can get these done, we can build a good relationship. Post here your contact information if you would like to review a green deal today.
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05-20-2019, 03:06 PM #2
Those are our exact rates and average terms. Give me a call (305) 753-3967 or see email below.
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05-20-2019, 03:39 PM #3
- Join Date
- May 2019
- Posts
- 30
CDG can help- give us a call at 646-930-4306 or email team@centraldiligencegroup.com
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05-20-2019, 03:45 PM #4
- Join Date
- Jun 2014
- Posts
- 541
Cooper can help. As a C/D funder, our buy rates are going to trend towards the upper half of your desired buy rate range-
Clients are primarily Colorado based, or?
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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05-20-2019, 04:27 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Cannabis is high -high risk - they may have a bank account today, but, could be closed at any time , even Banks that are State Charted and Credit Unions. Only takes one board Meeting for a Bank to change the acceptance of Cannabis.
Example, SunTrust just closed a Cannabis related business in Florida and the account holder has been with them for nearly 10 years.
I do have several funders - but to think they merchants are going to dictate what the factor rate is prior to underwriting a file
is a bit over the top.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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05-20-2019, 05:13 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
All day long @Mantis.
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
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