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06-06-2018, 12:19 PM #1
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Who Are The Cannabis Lenders In MCA??
have been getting lots of loan requests from people in the cannabis industry lately. Who are some good lenders that work with this industry?
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06-06-2018, 12:29 PM #2
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Hi, Yellowstone Capital does cannabis lending. Feel free to shoot me and email or give me a call
Ncruz@yellowstonecapllc.com
646-774-3300
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06-06-2018, 12:29 PM #3
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06-06-2018, 12:32 PM #4
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we tried this route with several who claim to do it and all that came back was a decline reason and if an offer came back, it was some ridiculous small amount and uber high rate which the owners laughed and rejected.
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06-06-2018, 01:42 PM #5
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Credit Cash has whole division specifically for the devils lettuce
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06-06-2018, 01:58 PM #6
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What is a Uber High Rate ?
They are Paying 1.45's and Up all day. Maybe a 1.42 at a 1st Position. but Laugh right back at them. Whats Funny? Pay it or Dont.
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06-06-2018, 03:13 PM #7
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unique funding solutions has funded a few of these
shoot me an email if you'd like irving@ufsfunding.comIrving Winograd
Unique Funding Solutions
646-460-3139
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06-06-2018, 03:15 PM #8
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06-06-2018, 03:21 PM #9
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That's just the problem with this industry. While we technically do not have them on our restricted list, they often times expect/want a far greater amount than we can reasonably offer...especially because a lot of them are still operate heavily with cash transactions.
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06-06-2018, 03:22 PM #10
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06-06-2018, 03:42 PM #11
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We fund them ALL the time. Recently did a few large lighting and related to that industry files. We fund so many i think i'm getting a contact HIGH ....
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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06-07-2018, 11:04 AM #12
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Cash Capital (www.cashcapital.com), 302-232-8233. Ask for Wesley
Fundkite (https://fundkite.com), 929-999-5400. Ask for Anna
Kings Cash Group (www.kingscashgroupllc.com), 212-659-6226. Ask for Bruce
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06-07-2018, 12:56 PM #13
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06-07-2018, 12:58 PM #14
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06-07-2018, 01:50 PM #15
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I think everyone is getting flooded with Cannabis requests. Half the time it’s some bro in this moms basement looking for $2M for a grow operation that he swears is going to net at least $500 Trillion.
Many of the dispensaries will operate under a business name and bank accts that look like a different type of industry “John Doe Contracting LLC”. This industry is so cash intensive that they do whatever they can to get it deposited into bank accts. If you’re a dispensary owner you most likely carry a gun or have body guards - and for good reason. Even if you don’t carry the cash, some dumbass will assume you do.
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06-07-2018, 02:17 PM #16
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Half the guys cant feel their feet in that space...however some are doing well enough for us to have built a substantial portfolio in the MJ space.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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06-07-2018, 02:25 PM #17
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Snoop Dog can help. www.casaverdecapital.com
Last edited by fundingsmbs; 06-07-2018 at 02:28 PM.
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06-07-2018, 02:50 PM #18
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WGF use to do the biggest ones at a super low rate 1.32 paying 5 points. too bad they arent funding right now...
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06-07-2018, 04:42 PM #19
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ML Factors does a lot
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06-07-2018, 08:58 PM #20
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Maybe that's why they aren't funding. We got cut off from Everest after we targeted our marketing to MMJ for a while. To many deals that were MMJ funded in a short period of time, which then translated to too many defaults 4 months later. Almost all of them default because they are hands-down the worst businessman I have ever seen.
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07-01-2018, 01:08 PM #21
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What is your maximum funding for Cannabis? Can you go to$1,5MM if banks and tax returns support that?
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07-02-2018, 10:54 AM #22
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Cresthill Capital funded so many i am concerned about failing a contact high cannabis drug test...
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-03-2018, 12:22 PM #23
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07-03-2018, 12:38 PM #24
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WE HAPPILY FUND THEM! and will be funding all day long today !
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-03-2018, 12:41 PM #25
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what terms rates and guidelines do you have for them. are these 3-4 mo term deals?
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