Cannabis Term Loan
Need a Funder or Vendor? START HERE

Results 1 to 14 of 14
  1. #1

    Cannabis Term Loan

    Looking for someone to fund this

  2. #2
    Senior Member Reputation points: 218103
    Join Date
    Feb 2017
    Posts
    3,348

    What is the use of funds? There are so many parts in the cannabis space, it really depends on who they are to figure out what type of term loan they qualify for, if they qualify for one.

  3. #3
    Senior Member Reputation points: 68259 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,139

    What kind of "term loan" are they seeking. I had a quote for 18 months weekly payment for a cannabis client. $250K loan amount. Think it was around 1.38 factor rate.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  4. #4
    We can help with this.
    Lashelle Cobham | Team Lead
    Tampa FL, 33624
    Cell: 813.599.7048
    E-mail: lashelle@maximumcapitalgroup.com
    Visit us: www.maximumcapitalgroup.com

  5. #5
    Senior Member Reputation points: 218103
    Join Date
    Feb 2017
    Posts
    3,348

    Lashelle, glad you got yourself a website finally. However, you're still from Mom and Pop, and I really don't think you're going to get much business by just spamming the forum on EVERY deal.

  6. #6
    Senior Member Reputation points: 2902 JParr's Avatar
    Join Date
    Feb 2020
    Location
    Washington DC Area
    Posts
    113

    A bit late to this but we fund deals in the cannabis space. We will consider working capital that is secured by equipment and/or real estate. Will also fund equipment acquisitions as well.

    Happy to discuss if you feel it may be a fit for us.
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

  7. #7
    Senior Member Reputation points: 68259 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,139

    I have been steering the cannabis companies into personal loans as the cannabis loans are mostly pretty much MCA ranges....personal loans are 3 - 5 years monthly payments in the 8% - 20% range if their Fico is 660 or better.
    Last edited by Olderguy; 12-17-2021 at 12:56 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  8. #8
    Senior Member Reputation points: 54
    Join Date
    Mar 2016
    Posts
    123

    re: Cannabis Term Loan

    Quote Originally Posted by MCABRuno View Post
    Looking for someone to fund this
    Search this forum for Cannabis funding.

    You'll find Kind Growth Todd Sherer for one.

    Others might be Scott Jordan Founder Alternative Finance Network - expensive and really cheap on compensation but real. Get yourself a side agreement with the client!

    Salal Credit Union in Washington state. I don't know if they are still doing Cannabis, but they have in the past. I'm also not 100% what their reach is.

    Sweet Leaf Capital (hard money) - https://sweetleafcapital.com/

    TVT Capital - They have a subsidiary that does cannabis real estate. I do not know what their
    pricing is, but my guess is it's expensive.

    Socotra Capital (hard money) - https://socotracapital.com/hard-mone...ypes/cannabis-
    loans/ - These guys are a little hard to deal with, but they can get deals done.

    If you need an assist reach out.
    Mike Lewis - commercial real estate loan broker / owner
    No up front fees loan broker
    Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +

    tel/voicemail: 937-964-5355
    cell/voicemail: 440-637-5646
    corporate email: mikelewis@michaellewisgroup.com

    www.linkedin.com/in/cigarmike

    Veteran Owned

    WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.

    We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.

    Michael Lewis Group Commercial real estate loans

    http://michaellewisgroup.com/index.html

    Loan Matrix

    Forms

    About Us

    Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.

    http://arthodyd.com/d.html

  9. #9
    Give us a call today, as long as they are profitable and have good credit, we have sources for cannabis term loans.


    https://upwisecapital.com/cannabis-financing/

    funding@upwisecapital.com

  10. #10
    TVT is great, they always seem to go the extra mile for me. I'd give them a shot, heard they're looking to increase their Cannabis exposure. They do 24 month deals too but it has to be a real solid file

  11. #11

  12. #12
    Banned Reputation points: 6026
    Join Date
    Apr 2021
    Posts
    121

    Sounds like this is a prefect fit for hybrid
    Email us today kevin@hybridadvancellc.com

    5k minimum funding -NO MAX $$$
    - 15-20 minute response time
    - 2nd - 5th position
    - Terms up to 120 days (weekly's upon approval)
    - 1.39 buy rates
    - Max Upsell to 15 points!
    - 35k a month average revenue
    - Minimum of 5 deposits per month
    - Commission paid after 3rd debit clears! (4 days)
    - Minimal stips (DL & VC)
    - Early Payoff Discounts
    - Docusign Contracts

  13. #13
    Quote Originally Posted by abfunders View Post
    Lashelle, glad you got yourself a website finally. However, you're still from Mom and Pop, and I really don't think you're going to get much business by just spamming the forum on EVERY deal.
    Lmao i just seen this. I've always had a website. And as far as "spamming", i was just new to daily funder and didn't know how it worked. I'm good now. Thanks for the support
    Lashelle Cobham | Team Lead
    Tampa FL, 33624
    Cell: 813.599.7048
    E-mail: lashelle@maximumcapitalgroup.com
    Visit us: www.maximumcapitalgroup.com

  14. #14
    Member Reputation points: 12
    Join Date
    Mar 2022
    Location
    San Diego
    Posts
    21

    Throwing another option out there for Cannabis term loans. FundCanna is well capitalized and very creative. We customize solutions that the industry needs.

    Ryan Freitas | VP, Sales & Partnerships
    O: 844-420-FUND
    D: 619-354-2074
    C: 858-337-4330
    rfreitas@FundCanna.com

Similar Threads

  1. Loan in the Cannabis
    By abfunders in forum All Other Lending
    Replies: 5
    Last Post: 08-09-2020, 04:05 PM
  2. Replies: 1
    Last Post: 03-16-2020, 12:55 PM
  3. Short Term Loan (Cannabis)
    By Djhouse995 in forum Deal Bin
    Replies: 6
    Last Post: 05-21-2019, 11:39 AM
  4. Replies: 1
    Last Post: 10-15-2017, 10:20 PM
  5. Replies: 14
    Last Post: 04-17-2017, 06:30 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

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY