Dispensary looking for 200k for 18 months - Page 2
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  1. #1
    Senior Member Reputation points: 33996
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    Quote Originally Posted by WhoisKingsley View Post
    http://smallbusiness.findlaw.com/bus...-business.html

    Go to this website and educate yourself on the legal ways of financing a marijuana based business. Though, there are some outlets that provide an MCA for these types of businesses, there have been many of the SAME files in circulations that the limited funders have seen. Those who apply should understand that there are not many investors that will finance this industry unless the Business does not touch the plant itself. "The FDIC will not insure a bank that takes on "existential" risks, which would include loans to companies in violation of federal law." Each state has a different law pertaining to the marijuana industry- that of which many people who raise there hands and take on a file to solicit or fund do not know and therefore- waste time by giving the expectation that something can be done.

    There are two companies listed in that link I posted that review and invest in these types of businesses.

    I tried to do a little digging on other outlets for financing but they are completely full of $h*t. For example, this site:

    http://businesslendingauthority.com/...usiness-loans/

    Until you scroll down to their footer and see that they are in "Sweet 800" and their horrible application doesn't even have an authorization on it. Do Funding Companies really accept this? - They have to be signed up with direct partners, right? Shame.
    I've funded many dispensaries. I'm shopping terms here, not figuring out how to "do loans".

  2. #2
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    take the 1.29!

  3. #3
    I pm'd you

  4. #4
    Member Reputation points: 385 BoostAaron's Avatar
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    I'm curious why "Double Digit" Commissions always has the important part encapsulated by quotation marks...

    Shouldn't it be --Double Digit Commissions--, rather than --"Double Digit" Commissions--?

    File this one under "Things that make you go Hmmmm..."
    Aaron McCarthy | Senior Account Executive
    352 Sonwil Drive | Buffalo, NY 14215
    Direct Funder up to $150k
    A,B,C&D Paper

    Direct (516) 209.2159
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    www.fundingmerchantsource.com

    A+ Rated with the BBB: http://www.bbb.org/losangelessilicon...each-ca-268003

  5. #5
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    How about a 15 month offer?

  6. #6
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    Dispensary looking for 200k for 18 months

    rapid does them and will probably have the best offer

  7. #7
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    Quote Originally Posted by AMERICApital1 View Post
    rapid does them and will probably have the best offer
    They don't do these anymore.

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