Results 1 to 6 of 6
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12-15-2021, 12:20 PM #1
- Join Date
- Oct 2021
- Posts
- 48
Cannabis Term Loan
Anyone fund these?
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12-18-2021, 05:17 PM #2
- Join Date
- Nov 2020
- Posts
- 16
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12-18-2021, 07:15 PM #3
- Join Date
- Dec 2016
- Posts
- 379
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12-18-2021, 07:37 PM #4
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.
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12-20-2021, 10:40 AM #5
- Join Date
- Jul 2021
- Posts
- 9
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.
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12-20-2021, 11:30 AM #6
- Join Date
- Feb 2018
- Posts
- 1,349
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