FINANCE YOUR CANNABIS CLIENTS
BROKER FINANCING PORTAL
Get Your Cannabis Clients Financed!
We are proud to be the go-to financing option for business financing, equipment and real estate brokers around the country assisting cannabis, hemp and CBD companies to get financing.
This broker portal will help you gather documents and submit your client’s information to start the financing process in 5 easy steps.
Once received we will contact you to review the file and start the financing process, keeping you involved every step of the way.
If you are ready to submit your client file for a free, no obligation consultation fill out our client submission form on this page.
5 Easy Steps to Submit Your Client File
- Provide answers to the list of questions below to paste into the Q&A Summary form field (see below)
- Reference our document checklists for the type of financing your client needs (see below)
- Download document templates to facilitate the collection process (see below)
- Add, organize and logically label all completed documents to a data room using Dropbox, Google Drive etc
- Complete the form and include a link to the data room
Q&A Summary Questions (create a document titled Q&A and add to the data room)
- What are you trying to finance?
- How much do you need?
- When are you looking to close?
- Who is the borrowing entity?
- Time in business cash flowing?
- Revenue and net income of business if any?
- Are you current with your corporate taxes?
- Business or personal borrower?
- How many company owners or personal guarantors?
- What is the credit, income and cash reserves of the personal guarantors?
- If property:
- Would you be OK not owning the real estate?
- Construction or existing?
- Address?
- Appraisal and what kind? (cannabis vs commercial. As-is vs as complete etc.)
- Value of property?
- Are there any liens?
- If equipment:
- Cost/value of equipment?
- Equipment list?
- Invoice/Quotes?
- Is there a buyback guarantee from the vendor?
- Money to put down?
- Other collateral or assets?
- What are your rate and term expectations?
- Are you able to use an out of state Credit Union as a primary bank account?
- What is your plan/ability to service the debt?
- Have you or your company been party to any lawsuits currently or in the past?
FOR BROKERS
- If broker, are you direct with the client? Do you have a client side fee agreement?
- Are there any other brokers or intermediaries involved in the transaction?
- Who have you contacted and what feedback have you received?
- How long have you been attempting to secure financing for your client?
- Have you submitted any applications?
- Please send a list of those lenders that have already seen the deal.
Done Collecting Documents? Let’s Get Started!
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NEED AN NDA FIRST?
Download our NDA, sign and email to [email protected]. We’ll countersign and reach out to review your client’s project.
IMPORTANT NOTE ON BROKER POINTS & COMMISSIONS:
Lenders in the cannabis space vary on the amount of points they will pay and the number of brokers they will work with. Some allow us to make a reasonable ask for a third party, others ask us to add it to ours so there is one line item on the paperwork and others may require a client side fee agreement.
We highly encourage brokers to get a client side fee agreement in order to negotiate a higher commission for yourself and to open up more options for us to place your client. Do note that some lenders frown upon anyone double dipping (i.e. requesting points from the lender and the client).
FINANCING CHECKLIST & DOCUMENT TEMPLATES
- Please complete the following:
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below. (DO NOT email us documents unless requested)
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
Real Estate Financing Document List
- One to Two Paragraph Company Summary
- Use of Funds Description (and how it helps your business)
- Corporate Entity Structure (outline of business units if multiple)
- Breakdown of Ownership
- Corporate Tax Returns (2 years)
- Corporate Bank Statements (12 months)
- Corporate P&L Statements (last 2 years + YTD)
- Corporate Balance Sheet (last year + YTD)
- Projections & Proforma
- Corporate Debt Schedule (download template)
- Corporate Real Estate Schedule (download template)
- Recent Appraisals or Broker Price Opinion (BPO)
- Purchase Agreement (if applicable)
- Proof of Building Insurance (if applicable)
- Environmental Assessment (if applicable)
- Copy of Current Lease(s) or Rent Roll (if applicable)
- Cannabis Licenses
- List of Lenders Already Contacted
AS TO PERSONAL GUARANTORS:
- PG PFS Statements (Personal Financial Statements) of All Owners (download template)
- PG Credit Report for principals (free services OK. Downloaded PDF preferred)
- PG Personal Tax Returns (2 years)
IF INCLUDES CONSTRUCTION:
- Feasibility Study (if applicable)
- Construction Schedule
- Construction/project scope including maps, blueprints, drawings, permits, approvals (as applicable)
- Construction/project budget
- All construction contracts signed by the proposed borrower (general construction contract, project manager/owner’s representative contract, architect’s contract, etc.)
IF INCLUDES EQUIPMENT:
- Detailed Equipment Listing
- Invoices and Specifications Sheets for equipment being purchased
IF INCLUDES LICENSES:
- Details of all granted/pending licenses and license applications (licenses by jurisdiction and type)
- Details of all granted/pending patents
- Please complete the following:
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below. (DO NOT email us documents unless requested)
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
Equipment Financing Document List
- One to Two Paragraph Company Summary
- Use of Funds Description (and how it helps your business)
- Corporate Entity Structure (outline of business units if multiple)
- Breakdown of Ownership
- Corporate Tax Returns (last 2 years)
- Corporate Bank Statements (12 months)
- Corporate P&L Statements (last 2 years + YTD)
- Corporate Balance Sheet (last year + YTD)
- Corporate Debt Schedule (download template)
- Most Recent AR & AP reports
- Detailed Equipment Listing (download template)
- Invoices or Quotes for equipment being purchased
- Equipment Appraisals (if refinancing equipment)
- Projections & Pro-Forma (if applicable)
- Cannabis License(s)
- List of Lenders Already Contacted
AS TO PERSONAL GUARANTORS:
- PG PFS Statements (Personal Financial Statements) of All Owners (download template)
- PG Credit Report for principals (free services OK. Downloaded PDF preferred)
- PG Personal Tax Returns (2 years)
- Please complete the following:
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below. (DO NOT email us documents unless requested)
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
AR/Invoice Financing Document List
- One to Two Paragraph Company Summary
- Description of use of funds
- Corporate entity structure
- Breakdown of ownership
- Last 2 years corporate tax returns
- Last 12 months business bank statements
- Corporate P&L statements (last 2 years + YTD)
- Current balance sheet (last year + YTD)
- Corporate debt schedule (download template)
- Most recent accounts receivable & accounts payable reports
- Invoices of receivables to be financed
- Contracts (if available)
- Projections/Pro-Forma (if applicable)
- Details of all granted/pending licenses and license applications (licenses by jurisdiction and type)
- List of Lenders Already Contacted
AS TO PERSONAL GUARANTORS,:
- Personal financial statements of all owners (download template)
- Personal tax returns for last 2 years
- Approximate credit score for principals (free services OK. Downloaded PDF preferred)
- Please complete the following:
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below. (DO NOT email us documents unless requested)
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
PO/Inventory Financing Document List
- One to Two Paragraph Company Summary
- Description of use of funds
- Corporate entity structure
- Breakdown of ownership
- Last 2 years corporate tax returns
- Last 12 months business bank statements
- Corporate P&L statements (last 2 years + YTD)
- Current balance sheet (last year + YTD)
- Corporate debt schedule (download template)
- Most recent accounts receivable & accounts payable reports
- All applicable binding purchase orders, agreements and contracts (if PO financing)
- Detailed inventory list (if inventory financing)
- Vendor/supplier contracts (if applicable)
- List of all suppliers (including details of the immediate financing requirements if applicable), independent warehouses, freight forwarders, custom brokers, inspection services and/or overseas agents considered for this transaction
- Customer list (please include name, location, payment terms and high credit)
- Current order backlog and/or sales projections by customer
- Details of all granted/pending licenses and license applications (licenses by jurisdiction and type)
- List of Lenders Already Contacted
AS TO PERSONAL GUARANTORS:
- Personal financial statements of all owners (download template)
- Personal tax returns for last 2 years
- Approximate credit score for principals (free services OK. Downloaded PDF preferred)
- Please complete the following:
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below. (DO NOT email us documents unless requested)
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
Revenue Based Financing Document List
- One to Two Paragraph Company Summary
- Description of use of funds
- Most recent 6-12 months of business banking statements
- Most recent 6-12 months of processing statements (if applicable)
- Corporate debt schedule (download template)
- List of Lenders Already Contacted
FOR ALLOCATIONS OVER $75,000, THE FOLLOWING IS ALSO REQUIRED FOR UNDERWRITING:
- Corporate P&L statement (previous year + YTD)
- Current balance sheet
- Most recent 1 year business tax returns
- Most recent accounts receivable & accounts payable reports
FOR REQUESTING CONTRACTS:
- Driver’s License
- Voided Check
- Please complete the following:
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below. (DO NOT email us documents unless requested)
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
Business Acquisition Document List
- Executive summary (or presentation deck)
- Articles of Incorporation
- Organizational chart
- Capitalization table
- Corporate tax returns (last 2 years)
- Previous year-end P&L
- Previous year-end Balance Sheet
- AP & AR aging as of end of latest month
- Corporate bank statements (last 6 months)
- List of Lenders Already Contacted
AS TO PERSONAL GUARANTORS:
- Personal financial statements of all owners (download template)
- Credit report for principals (free services OK. Downloaded PDF preferred)
- Personal tax returns (2 years)
- Please complete the following:
- Gather all requested documents.
- Compress them into a zip file.
- Email documents back.
Personal Unsecured Cash Term Loan Document List
- 2 Years personal Tax Returns – Full PDF Copies.
- Proof of Income – If W2 send latest pay stub. If 1099 send 3 months bank statements (more if it shows additional income).
- Experian & TransUnion Credit Reports – Full PDF copies with scores.
