CANNABIS DISPENSARY FINANCING
Flexible Capital for Your Cannabis Dispensary
Your cannabis dispensary needs access to capital to grow, open up new business lines and cash in on revenue generating opportunities.
Our network of private and traditional lenders offer a variety of business loans to be sure you get the funds you need, using the financing instrument that makes the most sense for your business.
From construction, real estate acquisition or equipment to working capital loans, lines of credit and merchant cash advances we’ve got you covered.
Our large network of credit, revenue and asset based lenders will take the hassle out of finding the best financing option for you, and it doesn’t cost you a dime.
Experienced lenders provide a higher level of service and focus on only one thing. Getting you a great deal that fits your needs quickly and efficiently.
We’ll match you up with the best lending option that will provide top notch service with a range of financing options so you don’t get inundated with phone calls.
Get flexible cash for anything your dispensary needs. Whatever the need, we’ve got you covered with great incentives, flexible terms and a variety of repayment options.
Browse our financing programs to find the one that works for you or if you are ready, contact us for a free, no obligation consultation by filling out our short form or pre-approval application now.
Get a No Obligation Quote
- Preserve cash on hand
- Purchase inventory and supplies
- Expand or renovate
- Hire more employees
- Cover slow receivables
- Ramp up for a new project
- Launch a new marketing campaign
The Loanviser Advantage
- Lenders compete for your business
- We do the footwork, freeing up your time
- Traditional & non-traditional finance options
- Flexible repayment terms that match your needs
- Fast, easy approval process
- Personalized service
- Receive your funds in days, not weeks
Get Pre-Approved in Minutes
Cannabis Business Financing FAQs
Q: What options do I have for finding financing for my cannabis, hemp or CBD business?
A: Current options fall into a few general categories. Private investment funds, hard money lenders, banks & credit unions and investors.
Q: If banks and credit unions are lending to the cannabis industry, how come I can’t find them anywhere?
A: Most banks and credit unions did not start as pure cannabis lenders and are still regulated by the federal government. As traditional institutions move into the industry they are quiet about it and don’t really advertise. We have to find them via direct contact or through our network of partners.
Q: How does the Loanviser process work?
A: Unlike other services, we don’t think having you bombarded by phone calls and emails from many lenders at once is a great experience for anyone. As such, we review your information, determined what your best first option might be and match you with one option at a time. If the first option doesn’t pan out, we continue to match you up with one option at a time until all are exhausted. Please note that new partners join our network every month so options are always expanding.
Q: What do I need to get qualified for financing for my cannabis, hemp or CBD based business?
A: It depends on the type and amount of financing you are looking for. You can use the following information as a general guideline. Programs usually require a personal guarantor but not in every situation.
- Non-secured capital loans: You need a minimum of 6 months time in business, 3 months of bank statements and $12,000 per month in revenue.
- Asset backed equipment financing: You need a minimum of 6 months time in business, 3 to 6 months of bank statements and above average credit.
- Real estate financing: You need a minimum of 6 months time in business, 3-6 months of bank statements, above average credit and the loan to value must be 70% or lower.
Q: What type of documents will I need to apply for financing?
A: Our partners all require that you fill out an official application. In addition, you should get 3-6 months of bank statements, your financials, an equipment list if it’s an equipment request, information on the real estate if it is a real estate purchase, your licenses if available and a summary of your business and financing need.
Q: We are a pre-revenue startup in need of financing. Can you help?
A: Sometimes. We do have partners that will look at startups. But you will still need to have some resources in place, a solid business plan, experienced leadership and potentially some previous investment.
Q: Do you work with brokers or just direct lenders?
A: Our partner network includes both direct lenders and brokers. If you are a broker that needs help financing your clients we are happy to help. If you are a broker with cannabis lenders and would like to join our partner network, contact us today to get the conversation started.
Have a question that you don’t see here? Contact us and we’ll get you the answers you are looking for!
Equipment Leasing versus Loans
There is a lot more to an equipment purchase than just the cost of the equipment itself. Considerations like depreciation, tax deductions, maintenance and flexibility are critical to determining the best financing options for your business.
The easiest way to break down the difference is to outline how leasing is different from a loan.
- Write off your entire purchase in the first year instead of depreciating a portion each year over multiple years. (See current Section 179 information for limits updated yearly)
- Improves your balance sheet.
- Provides options for the end of lease depending if you want to own the equipment or walk away and purchase new equipment.
- Can be less expensive up front.
- Increases the types of equipment you can purchase.
- Often no down payment or collateral is needed.
- Application process is often simpler.
What is Section 179?
Section 179 of the U.S. tax code allows your business to deduct the full purchase price of qualifying equipment purchased and put into use in during the tax year from your gross income.
How is that Different?
Under traditional financing rules your would normally depreciate a portion of your equipment over a number of years instead of the entire purchase in the year one.
How Much Can I Write Off?
Currently you can write off up to $1 million dollars in the first year, with 100% bonus depreciation also currently available, bringing the cap to $2.5 million.
Are there Any Other Limits?
There are additional details you will want to know. Once we connect we can run through everything you need to know about Section 179.
Why Should I Offer Financing?
Don’t leave your customers at the mercy of predatory lenders or having to spend time wading through the myriad of financing options available. Too much friction causes consumers to abandon the process or seek out a vendor that will take on that burden on their behalf. Close more deals by working closely with a financing partner to plug the hole in your sales funnel.
Why Don’t I Just Work Directly with Banks?
The majority of banks and FDIC insured lenders won’t work with the cannabis, hemp or CBD industries and those that do can be very picky or niche based on what they will finance. Plus, it takes a great deal of work to identify, contact, profile and manage a multitude of financing partners that takes away from your time running your business. You’ll need a partner with a variety of lender options to finance the largest cross section of your customers.
Why is Loanviser a Better Option?
Simple, we do the hard work of contacting and qualifying lenders for our network. When you work with us, we’ll have a variety of options to help you finance the greatest number of equipment buyers while you focus on your core business.
Want to Learn More?
We’d love to fill you in on all the details. Fill out the form below and our cannabis vendor equipment financing specialist will reach out right away.
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