Industrial Hemp
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  1. #1
    Karen37a
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    Industrial Hemp

    I have someone who has "industrial hemp", they say it can be used in paper products, plastic and it is not normal hemp that is considered a drug and they are regulated.

    The deposits swing widely because of crop rotation ( this is not my expertise )

    150k -600k monthly ..2 years banks ( year to year consistency )

    2 partners 51/49

    one has 590 credit the other 750...51% is the 590 one

    avg 3 nsfs ....

    5 years in business

    They want 100k

    Direct lenders only. Thanks
    Last edited by Karen37a; 05-03-2017 at 12:17 PM.

  2. #2
    Senior Member Reputation points: 337126
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    Quote Originally Posted by Karen37a View Post
    I have someone who has "industrial hemp", they say it can be used in paper products, plastic and it is not normal hemp that is considered a drug and they are regulated.

    The deposits swing widely because of crop rotation ( this is not my expertise )

    150k -600k monthly ..2 years banks ( year to year consistency )

    2 partners 51/49

    one has 590 credit the other 750...51% is the 590 one

    avg 3 nsfs ....

    5 years in business

    They want 100k

    Direct lenders only. Thanks
    Didn't we chat about this a couple of weeks ago????
    Hedley Lamarr......That's Hedley

  3. #3
    Senior Member Reputation points: 2995 Matrix1's Avatar
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    This should be interesting to place

  4. #4
    Karen37a
    Guest
    I mentioned in emails to you while emailing about the micro cap stock public company , you stated that you may be able to so something with it. Pm me if you have a questions in the future.

    Also. That public stock company I killed the file while gathering additional documents I found a bank account that was shut down 40 days ago. I asked for a letter from the bank and they wouldn't provide it so I probed further to find the account was shut down due to allegations of money laundering. They or course denied all this.Said it was just a slight mishap. I told them when they get past the hurdle contact me back and of course I was told the normal story of " I wont need you then".

    I usually do not post the results of my pre underwriting drama. And if I know someones underwriting criteria will be too stringent after gathering documents. I go down the ladder a b c d..and the rate goes up to coincide with the risk.

    I am killing files on my end when something is disclosed that wont pass the muster.

    I am sure that stock file will be funded by someone, who will find out about the money laundering right after they fund and they delist totaly or are halted. I do not need to be in the middle of that crap.
    Last edited by Karen37a; 05-03-2017 at 01:12 PM.

  5. #5
    Banned Reputation points: 4530
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    Hemp

    Quote Originally Posted by Karen37a View Post
    I have someone who has "industrial hemp", they say it can be used in paper products, plastic and it is not normal hemp that is considered a drug and they are regulated.

    The deposits swing widely because of crop rotation ( this is not my expertise )

    150k -600k monthly ..2 years banks ( year to year consistency )

    2 partners 51/49

    one has 590 credit the other 750...51% is the 590 one

    avg 3 nsfs ....

    5 years in business

    They want 100k

    Direct lenders only. Thanks
    Hi Karen...who are their customers.
    Bob Shaw
    rshaw@ironhorsecredit.com
    734-929-3800

  6. #6
    Senior Member Reputation points: 81657
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    Quote Originally Posted by Karen37a View Post
    I have someone who has "industrial hemp", they say it can be used in paper products, plastic and it is not normal hemp that is considered a drug and they are regulated.

    The deposits swing widely because of crop rotation ( this is not my expertise )

    150k -600k monthly ..2 years banks ( year to year consistency )

    2 partners 51/49

    one has 590 credit the other 750...51% is the 590 one

    avg 3 nsfs ....

    5 years in business

    They want 100k

    Direct lenders only. Thanks
    You have a unique potential client and you want to be selective on whom can possibly provide you a solution? I work
    with several lenders/funders that will accept these merchant files. Nothing pre-guaranteed - just a possibility
    I can get them funded , depending on the details and documentation that can be provided by the merchant.
    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

  7. #7
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    750 credit... line of credit...pm for recommendation.

  8. #8
    Karen37a
    Guest
    Quote Originally Posted by bdshaw View Post
    Hi Karen...who are their customers.
    Bob Shaw
    rshaw@ironhorsecredit.com
    734-929-3800


    Bob,

    I would give people the target market ..like sic codes. But giving away a merchants customer list is actually breaking the privacy of a potential client on a pubic forum. Also it would be a backdoor to my merchant and possible referrals.

    This is a semi closed market with a hitch on it, there are limited ways they can market and very few are successful on medium to large scale.

    I am not sure if that was what you were asking me. Sometimes people ask me a bit more details via pm to see if they are even interested at all. Even then I disclose on a limited basis because of the backdooring and sensitivity of certain info.

    Thanks
    Last edited by Karen37a; 05-04-2017 at 06:02 AM.

  9. #9
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    ^ Pretty sure he just wants to know if it is B2B and if so, how they invoice and get paid, inventory on hand, receivables etc.
    Last edited by HDF; 05-04-2017 at 08:38 AM.

  10. #10
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    HDF is direct Karen. How about what type of enities make up their market?
    Bob

  11. #11
    Karen37a
    Guest
    Great,

    I do not do business thru df posts , I use it to make a live contact. We both are busy people and I found somewhere to go with the deal so no need for anymore questions on this one particular file.

    Thanks for the potential look.

  12. #12
    Senior Member Reputation points: 337126
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    Quote Originally Posted by Karen37a View Post
    Great,

    I do not do business thru df posts , I use it to make a live contact. We both are busy people and I found somewhere to go with the deal so no need for anymore questions on this one particular file.

    Thanks for the potential look.
    Still have not received any information. You must be very busy.....
    Hedley Lamarr......That's Hedley

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