Cannabis Term Loan
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  1. #1

    Cannabis Term Loan

    Anyone fund these?

  2. #2
    Quote Originally Posted by MCABRuno View Post
    Anyone fund these?
    Ebf , CFG , rival , Yellowstone


    LG with payment history

  3. #3
    Quote Originally Posted by Jacov225 View Post
    Ebf , CFG , rival , Yellowstone


    LG with payment history
    None of the companies you listed do term loans...

  4. #4
    Senior Member Reputation points: 72398 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,244

    For Cannabis guys, do personal loans. Had a cannabis offer of $250,000 and double fund $175,000 at 1.38 factor rate, 33 weeks on the first and 6 months on the second. Better choice now is personal loan $150,000 3 years 8% - 12%. Downside, 14 points fees, lender takes 7. Cannabis MCA can fund in a day, personal loans take a month. If you have several owners, you can do one for each owner...
    Last edited by Olderguy; 12-18-2021 at 07:40 PM.
    Steve Benjamin
    Professional Business Loans

    522 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.

  5. #5
    We specialize in Cannabis funding, we do not do term loans but we go out as far as 14 months on them and fund up to $2mil. Send me an email michaelsanchez@getbackd.com and we can discuss this further.

  6. #6

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