Results 1 to 12 of 12
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03-10-2022, 11:55 AM #1
- Join Date
- Nov 2021
- Posts
- 1
Cannabis in canda 500k
Need a lender that funds canada : Industry cannabis need 500k min.
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03-10-2022, 12:06 PM #2
- Join Date
- Jun 2021
- Posts
- 39
I'm not sure who would do that. Don't want to hijack your thread here.. but..
Who is funding Canadian deals as it is right now?
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03-10-2022, 12:23 PM #3
- Join Date
- Nov 2020
- Posts
- 33
We fund Canada! Its all we do.
Send it over and I can have it priced out for you.
Definitely can't go $500k. If its good enough, I can probably get you $175 - 200k.
leibel.b@2m7.ca
416-346-5143
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03-10-2022, 02:39 PM #4
TVT has a cannabis fund but don't know if they do Canada.
GetBackd - try them too.
I had a deal where TVT was $250K and GetBackd was $150K
Prosperum was $175K. Could double fund but factor rates averaged 1.38
Did a personal loan for $150K to reduce the MCA loan amount.
I don't see anyone doing $500K. Unless you have real estate.Last edited by Olderguy; 03-10-2022 at 02:51 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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03-10-2022, 02:59 PM #5
- Join Date
- Feb 2017
- Posts
- 3,429
Olderguy, Prosperum and GetBakd are both white labels. Nobody should get the wrong idea to ever send anything to them.
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03-10-2022, 03:36 PM #6Steve 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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03-10-2022, 03:42 PM #7
- Join Date
- Feb 2017
- Posts
- 3,429
You're promoting their products, and they're lying about being direct, they backdoor, and/or they just plain ruin deals because they don't know how to underwrite. I'm warning other users on this board following your advise. The correct comparison is that I'm telling people not to follow your car because your car is leaking gas and might car fire and explode.
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03-10-2022, 04:07 PM #8Steve 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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03-10-2022, 04:43 PM #9
- Join Date
- Feb 2017
- Posts
- 3,429
Amazing how you can decide what other people value. I'm not saying that you won't get offers, but someone with your knowledge in finance should not give other brokers the impression that "everyone's good, as long as they give an offer." Not everyone is good, and not everyone's offers are real, and not every funder will actually be able to close their offer.
I still have yet to see Getbackd in a single statement.
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03-10-2022, 05:27 PM #10
- Join Date
- Feb 2019
- Posts
- 209
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03-10-2022, 06:12 PM #11
- Join Date
- May 2020
- Posts
- 10
On Deck Canada, and Newco Canada
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03-10-2022, 06:39 PM #12
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
Prior to everyone providing referrals, since Cannabis is a high risk merchant (even in Canada)
what type of financials do you have. Time in business? P & L Statements - Banking (even in Canada) that can give a merchant nightmares.
You state they need $500K - Usage of funds ?
Not that you have to post answers on a public forum, but, does the merchant have that info to provide. ?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
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