Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    5M / 1Y / amortizing or interest only 12% max.

    Looking for a lender that can do a $5M 1 year amortizing or interest only loan at 10-12% max. in the federally legal Hemp for CBD sector. Possibility to collateralize with finished products (skin creams, topicals, tinctures, etc.) eg. inventory loan. Annual sales >50M+, EBITDA 5M+ No brokers please.

  2. #2
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by wize111 View Post
    Looking for a lender that can do a $5M 1 year amortizing or interest only loan at 10-12% max. in the federally legal Hemp for CBD sector. Possibility to collateralize with finished products (skin creams, topicals, tinctures, etc.) eg. inventory loan. Annual sales >50M+, EBITDA 5M+ No brokers please.
    Why are you on DF if you don't want to work with brokers? Secondly, hemp may be "Federally Legal" but, it is NOT legal in all States, hence your obstacle in securing funding.

    I do broker for 2 funders/lenders that will fund hemp, but, require a strict underwriting.
    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

  3. #3
    Dave,

    #1. Because I found direct lenders on this platform before.
    #2. I know - no need for tutoring.
    #3. Do you have lenders who can, if approved do +/-10% one year money all commissions included, Yes or No? Easy question.
    Last edited by wize111; 05-28-2020 at 09:45 AM.

  4. #4
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,051

    Quote Originally Posted by Yankeeman07 View Post
    Why are you on DF if you don't want to work with brokers? Secondly, hemp may be "Federally Legal" but, it is NOT legal in all States, hence your obstacle in securing funding.

    I do broker for 2 funders/lenders that will fund hemp, but, require a strict underwriting.
    This is Wrong.

    Clip from an Article from 2018 "On Thursday, President Trump signed into law the farm bill, which contained a provision legalizing hemp, a species of cannabis that CBD can be extracted from but that isn’t psychoactive."

  5. #5
    Ryan,

    Correct! But the extracted non-psychoactive cannabinoids (ex. CBD/CBG), tinctures, salves, edibles, etc are not fully regulated by the FDA yet. Thus a lot of resistance at national banks, CC processors, insurance companies, lenders, etc..
    .

Similar Threads

  1. HML in NY NJ CT PA Annual Interest 12-14%
    By freeprocessing in forum Merchant Cash Advance
    Replies: 0
    Last Post: 08-29-2019, 10:18 AM
  2. HML in NY NJ CT PA Annual Interest 12-14%
    By freeprocessing in forum Deal Bin
    Replies: 0
    Last Post: 08-29-2019, 10:11 AM
  3. Interest rate!
    By patrickw in forum Merchant Cash Advance
    Replies: 7
    Last Post: 06-28-2018, 10:45 AM
  4. Anyone with clients that want better interest
    By Freeflowingfunds in forum Help Wanted
    Replies: 0
    Last Post: 08-19-2015, 02:09 PM
  5. FUNDERS: Does this interest you at all?
    By JayBallentine in forum Merchant Cash Advance
    Replies: 0
    Last Post: 12-02-2013, 07:26 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY