Need a Funder or Vendor? START HERE

Results 1 to 15 of 15
  1. #1

    Looking for Cannabis lender ASAP

    I have a client whose grossing 500k monthly through 2 rec mj dispensaries in WA.
    -No positions
    -620 experian
    -2016 start date on both

    Has an offer for 380k for 12 months from Cannabis Business Resources

    Who can give a better offer here? can someone point me in the right direction here any suggestions?

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,084

    TVT has a cannabis division.

    https://cannabusinessresources.com/
    Last edited by Olderguy; 08-06-2022 at 08:00 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.

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

    Steve, he was asking for a funder/lender that's not TVT/CBR. Lara, shoot me an email, there are several. And if not, there are other opportunities how to monetize cannabis. If you have a relationship especially.

  4. #4
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,084

    Micah....please enlighten me then as I have had excellent offers from TVT. If there are better options I'd welcome the information.
    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

    Quote Originally Posted by Olderguy View Post
    Micah....please enlighten me then as I have had excellent offers from TVT. If there are better options I'd welcome the information.
    TVT = CBR that's all I'm saying

  6. #6
    Accidental post
    Last edited by Cristiancr57; 08-08-2022 at 10:50 AM. Reason: Accidental post

  7. #7
    Banned Reputation points: 10
    Join Date
    Apr 2022
    Location
    New York
    Posts
    78

    Can do a 2nd on this if that gets funded

  8. #8
    Senior Member Reputation points: 9802
    Join Date
    Nov 2019
    Posts
    638

    !2 month term for a cannabis company is a pretty good term. You need to ask the merchant if he needs money this one time or will need money on a more regular basis. If he needs money regularly then a 12 month term will not be a great term for him. If he goes longer then he will not get more money when he needs it and when he renews he will get double dipped on the old balance and the term is cut in half or he will have to stack. You can pitch him a shorter term that works like a line of credit taht once he pays down around 50% of the deal my company will just add the new money to the end of the old balance there payment stays the same and they use the new money while the old balances finishes getting paid off.

  9. #9
    Senior Member Reputation points: 22201
    Join Date
    Dec 2021
    Posts
    630

    At capybara we fund lots of Cannabis ....I don't think we can beat the 12Mo. but we are known as the funding group that makes LARGER-OFFERS. Sign-up today
    marcus@capybarausa.com
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  10. #10
    Quote Originally Posted by Moneylinelara View Post
    I have a client whose grossing 500k monthly through 2 rec mj dispensaries in WA.
    -No positions
    -620 experian
    -2016 start date on both

    Has an offer for 380k for 12 months from Cannabis Business Resources

    Who can give a better offer here? can someone point me in the right direction here any suggestions?


    We do Cannabis. Send it over.



    Our funding Criteria:

    - 5k minimum funding
    - B, C, D paper
    - Offers not based on credit score - low credit ok
    - Response time (realistically) as low as 60 minutes
    - 1st - 5th position - Up to 38% withhold of net deposits
    - As low as 1.32 buy rates
    - Terms up to 140 days (weekly's upon approval)
    - Max Upsell to 15 points
    - Early Payoff Discounts
    - 15k a month average revenue
    - Minimum of 5 deposits per month
    - Minimal stips (VC,ID,POO)
    - Docusign Contracts
    - Commission paid after 1st debit clears (4 days)



    Michael Ross
    Lendbug
    New York, NY
    Mross@lendbug.com
    646-360-0411

  11. #11
    FundCanna offers working capital and vendor finance loans for the Cannabis Industry
    Sabrina Alvarado | National Account Executive
    FundCanna.com - We provide Cannabis Loans to the entire supply chain
    619.349.4578

  12. #12
    Member Reputation points: 14
    Join Date
    Jul 2022
    Location
    NYC
    Posts
    34

    we fund Cannabis companies and all other high risk merchants!! Gary@infusioncapital.org

  13. #13
    FundCanna offers unsecured working capital loans to the Cannabis industry
    Sabrina Alvarado | National Account Executive
    FundCanna.com - We provide Cannabis Loans to the entire supply chain
    619.349.4578

  14. #14
    hey please give me a call I
    Would love to work with you
    Asher Klien
    InstaFund Advance
    asher@instafundadvance.com
    347-377-0223

  15. #15
    Are you still looking?

Similar Threads

  1. Replies: 4
    Last Post: 06-24-2020, 02:39 PM
  2. Hard Money Cannabis & Hemp Lender
    By Red in forum Deal Bin
    Replies: 2
    Last Post: 03-23-2020, 07:44 PM
  3. Cannabis deal seeking direct lender
    By ghosthand in forum Deal Bin
    Replies: 9
    Last Post: 11-26-2019, 02:34 PM
  4. Do any Lender do Medicinal Cannabis Funding in Puerto Rico
    By Creative Lender in forum Deal Bin
    Replies: 3
    Last Post: 04-02-2018, 11:44 AM
  5. $500+ cannabis farm direct lender only
    By Zackfeldman in forum Deal Bin
    Replies: 7
    Last Post: 02-15-2016, 09:56 AM


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

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY