Cannabis MCA?
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  1. #1

    Cannabis MCA?

    Question... any aggressive funders in the Cannabis space?? Roughly avg of 150k in deposits per month.. (200k+ some months but had a low Sep). 2-4 deposits per month from clients .

    Please advise

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Location
    Irvine, CA
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    Bro:

    Looks like you are a recent member here.

    I just hate to see you spend time on this and have others maybe post up options.

    The guy just doesn't qualify.

    One major deposit a month.

    And he wants a minimum of $300,000

    The broker who sent it to me couldn't get him any decent offers.

    (His best offer was $30,000)

    And he's been in the business 10+ years.

    Just trying to save you some time and trouble.

    Please take it in the spirit it is offered.

    And as a final note, when you get a file, you always want to find out the merchant's expectations. Had they said minimum of $300,000 you would know right away that the file wasn't worth putting any time into.
    Last edited by Olderguy; 11-14-2023 at 09:22 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.

  3. #3
    Senior Member Reputation points: 72398 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,244

    My lender was pulling up both companies and wonder if this is one of them.

    Yup same owner David Baker

    https://opencorporates.com/companies.../E0306792018-6
    Last edited by Olderguy; 11-18-2023 at 02:07 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.

  4. #4
    Please remove the owners name from the post thank you

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