Cannabis/CBD Businesses with Bank Accounts
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  1. #1

    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.

  2. #2
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
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    Miami, FL
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    Those are our exact rates and average terms. Give me a call (305) 753-3967 or see email below.
    Direct: 347-468-7528
    Cell: 305-753-3967
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

  3. #3
    CDG can help- give us a call at 646-930-4306 or email team@centraldiligencegroup.com

  4. #4
    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

  5. #5
    Senior Member Reputation points: 84417
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    Mar 2014
    Location
    Florida
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    2,977

    Quote Originally Posted by kashman1 View Post
    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.
    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
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
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    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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