CANNABIS DISPENSARY LOANS
Are you looking for funding for your cannabis dispensary? Canna Business Lenders can help you out! We understand how tricky it is for cannabis dispensary owners to apply for a loan even in states where marijuana is legal.
Despite there being limited options, we believe we can offer you the assistance you need.
What do you need to know before choosing Canna Business Lenders?
Before opting for Canna Business Lenders as your cannabis dispensary loan company of choice, you need to be aware of some essential terms and conditions:
• Loans offered are between $20,000 and $2,000,000.
• You need to have a credit score of at least 500.
• Our buy rates start at 0.5%.
• You will need to wait for a few days while we process your request. Please be patient until it is approved.
• The duration of our term ranges from 3 months to 24 months.
• Your payment installations need to follow a daily, weekly, or monthly payment plan.
• You need to have a credit score of at least 500.
• Our buy rates start at 0.5%.
• You will need to wait for a few days while we process your request. Please be patient until it is approved.
• The duration of our term ranges from 3 months to 24 months.
• Your payment installations need to follow a daily, weekly, or monthly payment plan.
Payment Plan
Here at Canna Business Lenders, we want to offer you flexible payment plans that are sensitive to customer needs, especially for cannabis dispensary owners. Our two most popular payment plans are detailed below.
• This is a series of revolving lines of credit with 0% interest for 12 to 18 months
• The borrower personally guarantees the lines of credit (business/personal)
• No collateral or financials are required
• Requires 650+ credit score, low debt utilization and owning a business
• Credit lines go into the business name and not on your personal credit report
• With a solid payment history, those credit lines amounts will quickly increase
• The borrower personally guarantees the lines of credit (business/personal)
• No collateral or financials are required
• Requires 650+ credit score, low debt utilization and owning a business
• Credit lines go into the business name and not on your personal credit report
• With a solid payment history, those credit lines amounts will quickly increase
1) Credit Option
Payment through lines of credit with 0% interest for 12 to 18 months.
As the borrower, you will personally need to guarantee the lines of credit – whether business or personal. These credit lines will be a part of the business name instead of your credit report. Don’t worry; these credit line amounts will soon increase owing to solid payment history.
You will not need to put up anything as collateral for the loan, and no financials are required either. However, you will need to have a credit score of at least 650 or above. It is also preferred that you have low debt utilization and own a business.
2) Cash Option
Payment through term based loans with monthly payments with an interest rate between 4.9% and 20.9% for 3 – 8 repayment terms.
You may qualify for this person based on your tax returns. This option does not impost a payment penalty either! However, you will need to have a credit score of at least 650 or above. It is also preferred that you have low debt utilization and own a business.