Several states have legalized the use and consumption of Marijuana. If you are lucky enough to own one of these establishments then you understand how hard it is to get a marijuana business loan.
Why is this?
While marijuana is legal in many States, it is still considered illegal at the federal level. Because of this banks may be hesitant to loan you money.
Your business is no different from any other industry. You need working capital available at all times to ensure the success and growth of your organization, especially one in such a new industry.
Forecasting for success is difficult in the marijuana/cannabis industry. Since your industry is still relatively new, especially depending on the State your business resides, you cannot forecast like most business owners can based on past years.
Knowing what will be around the corner is essential for the success of your business. It is a unique and new added risk that most established businesses do not have. This risk is yet an added reason banks will be hesitant to provide you a business loan.
Marijuana business loans from alternative lenders, such as Small Business Funding, are a marriage made in heaven.
We can provide you the needed capital quickly.
As a marijuana business owner, you may need short-term capital injection. You do not need to take on new investors or have the needed collateral for a traditional loan.
We have the understanding and infrastructure to underwrite and provide funding within 72 hours without volumes of paper work and documentation.
If approved, your business advance can be used for any business purpose.
Whether it’s to purchase inventory, supplies, make payroll, pay taxes, marketing, news hires, and/or expansion. This new industry will have uses that span the entire borrowing gamut.
As a small business owners, you can have peace of mind knowing that there are alternatives out there to access capital and access it without all the hurdles of traditional borrowing.
The technology that Small Business Funding uses to determine what you will be approved for and for how long is proprietary and provides for a friction-less process.
Lending decisions are available in less than 24 hours.
Imagine applying and knowing if you’re approved for marijuana business loan all in the same day. Hassle free and fast are the two characteristics we offer our clients.
The process is pretty simply to receive a decision within 24 hours. Simply complete our FREE online business loan application and a dedicated Funding Manager will contact you shortly to discuss your funding options.
If approved, you can have your funds within 72 hours?