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  1. #1
    Senior Member Reputation points: 33996
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    CBD manufacturer in NV and CA

    Looking for a funder that can beat loanme terms in this space. Well qualified company. Direct funders or lenders only. Thanks

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    What were their terms?....Was is a personal loan?..Cultivation or extraction, do they have licenses, is there real estate? Too many questions to direct you appropriately. Cannabis is basically MCA and you can double fund. But can also do personal loan much better terms than LoanMe....3 - 5 years at 8% plus.
    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.

  3. #3
    Senior Member Reputation points: 33996
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    Laguna Beach
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    10 points and 10% per month was the loanme offer. Looking for 50-100k. excellent rev and credit

  4. #4
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
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    Personal loan 8%+ annual rate 3 - 5 year term with monthly payment. But there is a 15% fee and you only get to take or split 5-6 points of it. These personal loans are much better deals for cannabis clients. The owner has to sign personally and it shows on personal credit. Needs 720 or better Fico and can get up to the personal income that is shown on a personal tax return.
    Last edited by Olderguy; 01-18-2022 at 06:53 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.

  5. #5
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    I give you the same offer as Steve from the same place without any middlemen (Steve is one of 2 middlemen), and you don't HAVE to charge 15 points, there's an upsell.
    However, for CBD manufacturer also has AR....

  6. #6
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
    Posts
    2,086

    Suddenly I hear the song of dueling banjo's from Deliverance...he's probably older but I'm better looking....
    Last edited by Olderguy; 01-19-2022 at 09:07 AM.
    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.

  7. #7
    Who does personal loans and how do we get paid?

  8. #8
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,086

    I do 50% commission splits....I get like 5%. Need a 680 Fico, personal tax return, loan app. I hate to just pass along lenders because in my experience these are outside of the MCA box and so many of you call me with questions. And you do have to have to sell it compared to cannabis MCA. Yes it's 15% fees but it a 3 - 5 year term and interest 8%+. So much better deal than any cannabis MCA and you have to sell it that way.
    Last edited by Olderguy; 01-23-2022 at 08:09 AM.
    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.

  9. #9
    Member Reputation points: 12
    Join Date
    Mar 2022
    Location
    San Diego
    Posts
    21

    We are a direct lender that focuses on Cannabis, Hemp and CBD companies. More than happy to look at this and any other companies that you may be working with.

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