Results 1 to 14 of 14
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12-15-2021, 11:50 AM #1
- Join Date
- Oct 2021
- Posts
- 48
Cannabis Term Loan
Looking for someone to fund this
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12-15-2021, 12:36 PM #2
- Join Date
- Feb 2017
- Posts
- 3,395
What is the use of funds? There are so many parts in the cannabis space, it really depends on who they are to figure out what type of term loan they qualify for, if they qualify for one.
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12-15-2021, 01:12 PM #3
What kind of "term loan" are they seeking. I had a quote for 18 months weekly payment for a cannabis client. $250K loan amount. Think it was around 1.38 factor rate.
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.
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12-15-2021, 04:05 PM #4
We can help with this.
Lashelle Cobham | Team Lead
Tampa FL, 33624
Cell: 813.599.7048
E-mail: lashelle@maximumcapitalgroup.com
Visit us: www.maximumcapitalgroup.com
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12-15-2021, 04:07 PM #5
- Join Date
- Feb 2017
- Posts
- 3,395
Lashelle, glad you got yourself a website finally. However, you're still from Mom and Pop, and I really don't think you're going to get much business by just spamming the forum on EVERY deal.
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12-17-2021, 11:50 AM #6
A bit late to this but we fund deals in the cannabis space. We will consider working capital that is secured by equipment and/or real estate. Will also fund equipment acquisitions as well.
Happy to discuss if you feel it may be a fit for us.
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12-17-2021, 12:51 PM #7
I have been steering the cannabis companies into personal loans as the cannabis loans are mostly pretty much MCA ranges....personal loans are 3 - 5 years monthly payments in the 8% - 20% range if their Fico is 660 or better.
Last edited by Olderguy; 12-17-2021 at 12:56 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.
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12-22-2021, 11:44 PM #8
- Join Date
- Mar 2016
- Posts
- 123
re: Cannabis Term Loan
Search this forum for Cannabis funding.
You'll find Kind Growth Todd Sherer for one.
Others might be Scott Jordan Founder Alternative Finance Network - expensive and really cheap on compensation but real. Get yourself a side agreement with the client!
Salal Credit Union in Washington state. I don't know if they are still doing Cannabis, but they have in the past. I'm also not 100% what their reach is.
Sweet Leaf Capital (hard money) - https://sweetleafcapital.com/
TVT Capital - They have a subsidiary that does cannabis real estate. I do not know what their
pricing is, but my guess is it's expensive.
Socotra Capital (hard money) - https://socotracapital.com/hard-mone...ypes/cannabis-
loans/ - These guys are a little hard to deal with, but they can get deals done.
If you need an assist reach out.Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
tel/voicemail: 937-964-5355
cell/voicemail: 440-637-5646
corporate email: mikelewis@michaellewisgroup.com
www.linkedin.com/in/cigarmike
Veteran Owned
WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.
We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
Michael Lewis Group Commercial real estate loans
http://michaellewisgroup.com/index.html
Loan Matrix
Forms
About Us
Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.
http://arthodyd.com/d.html
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01-11-2022, 10:59 AM #9
- Join Date
- Mar 2020
- Posts
- 24
Give us a call today, as long as they are profitable and have good credit, we have sources for cannabis term loans.
https://upwisecapital.com/cannabis-financing/
funding@upwisecapital.com
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01-11-2022, 11:04 AM #10
- Join Date
- Apr 2019
- Posts
- 41
TVT is great, they always seem to go the extra mile for me. I'd give them a shot, heard they're looking to increase their Cannabis exposure. They do 24 month deals too but it has to be a real solid file
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01-11-2022, 11:06 AM #11
- Join Date
- Mar 2020
- Posts
- 24
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01-11-2022, 11:40 AM #12
- Join Date
- Apr 2021
- Posts
- 121
Sounds like this is a prefect fit for hybrid
Email us today kevin@hybridadvancellc.com
5k minimum funding -NO MAX $$$
- 15-20 minute response time
- 2nd - 5th position
- Terms up to 120 days (weekly's upon approval)
- 1.39 buy rates
- Max Upsell to 15 points!
- 35k a month average revenue
- Minimum of 5 deposits per month
- Commission paid after 3rd debit clears! (4 days)
- Minimal stips (DL & VC)
- Early Payoff Discounts
- Docusign Contracts
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02-01-2022, 10:35 AM #13Lashelle Cobham | Team Lead
Tampa FL, 33624
Cell: 813.599.7048
E-mail: lashelle@maximumcapitalgroup.com
Visit us: www.maximumcapitalgroup.com
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04-04-2022, 08:35 PM #14
- Join Date
- Mar 2022
- Location
- San Diego
- Posts
- 21
Throwing another option out there for Cannabis term loans. FundCanna is well capitalized and very creative. We customize solutions that the industry needs.
Ryan Freitas | VP, Sales & Partnerships
O: 844-420-FUND
D: 619-354-2074
C: 858-337-4330
rfreitas@FundCanna.comFundCanna.com
Cannabis Business Loans
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