Who is funding Cannabis in Washington
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  1. #1
    Senior Member Reputation points: 10961
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    Who is funding Cannabis in Washington

    Have a merchant that is doing 400k a month and have full financials. Merchant has good credit, needs 300k.

  2. #2
    Senior Member Reputation points: 218103
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    If we switch over his credit card processing (read: debit card with PIN), I can help you help him get cash advance capital within about 5 days (from application to funding). Email me, set up a time for us to talk on Wednesday.

  3. #3
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    I have a similar file, in Arizona. BUT... I have to beat Getbackd's 300k 10 month 1.30 offer... 3% origination. I have the contract. What a bad time to compete. But what a lesson to learn! Wow Getbackd.

  4. #4
    Senior Member Reputation points: 81657
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    Lightbulb Cananbis funding

    Quote Originally Posted by Steven_O View Post
    I have a similar file, in Arizona. BUT... I have to beat Getbackd's 300k 10 month 1.30 offer... 3% origination. I have the contract. What a bad time to compete. But what a lesson to learn! Wow Getbackd.
    The Bigger Question - you have an offer, but, will the deal close and actually be funded?

    I have a 2 Funders for Cannabis, but, it is not a walk in the park to actual close the deal.
    More reasons not to close - #1 reason, lack of financials for the business and Cannabis is still Federally Illegal.
    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

  5. #5
    Senior Member Reputation points: 2902 JParr's Avatar
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    We fund equipment and working capital for cannabis in Washington.

    Working capital deals will need to be secured by equipment, real estate, or other assets that can be easily monetized.
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

  6. #6

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