CANNABIS FINANCING RESOURCE CENTER
DOCUMENT CHECKLISTS & TEMPLATES
What Documents do I need to get financing?
This is a very common and important question we get from clients looking for equipment, real estate and capital financing. Cannabis lenders are so busy they won’t entertain an inquiry unless you have all the documents they need to review. Plus, being prepared will allow them to pick up your file and run as far as they can with it on the first look.
Gathering the necessary documents is critical to get timely responses from lenders and reduce time delays in getting your financing. This guide will help you gather documents and submit your information to start the financing process in 5 easy steps.
Once you have all the applicable documents uploaded to a data room reach out and we will review the data room and start the placement process, keeping you involved every step of the way.
5 Easy Steps to Prepare Your Data Room
- Create your data room using Dropbox. Create a folder using the borrowing entity’s legal name.
- Reference our document checklists below for the type of financing being requested.
- Upload all applicable documents to a data room.
- Ensure all files are named logically and appropriately.
- Contact us to schedule a call to review your request.
NEED AN NDA FIRST?
Download our NDA, sign and email to [email protected]. We’ll countersign and reach out to get the conversation going.
FINANCING CHECKLIST & DOCUMENT TEMPLATES
- Please complete the following: (Do not email us documents unless we specifically request it)
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Add [email protected] as an editor.
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
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: (Do not email us documents unless we specifically request it)
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Add [email protected] as an editor.
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)
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: (Do not email us documents unless we specifically request it)
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Add [email protected] as an editor.
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)
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: (Do not email us documents unless we specifically request it)
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Add [email protected] as an editor.
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)
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: (Do not email us documents unless we specifically request it)
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Add [email protected] as an editor.
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)
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: (Do not email us documents unless we specifically request it)
- Create a Dropbox and name it the borrowing entity’s legal name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Add [email protected] as an editor.
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)
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 to [email protected].
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.
