CANNABIS FINANCING RESOURCE CENTER

DOCUMENT CHECKLISTS & TEMPLATES

Review the Checklist
Review our checklists for lender required information
Download Templates
Download document templates to expedite the process
Create a Data Room
Compile all completed documents into a data room
Submit Your Documents
Fill out the short form to start the process

What Documents do I need to get financing?

This is a very common question we get from our cannabis, hemp and CBD clients looking for equipment, real estate and capital financing.

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 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 file for a free, no obligation consultation fill out our client submission form on this page.

5 Easy Steps to Submit Your File

  1. Provide answers to the list of questions below to paste into the Q&A Summary form field (see below)
  2. Reference our document checklists for the type of financing your client needs (see below)
  3. Download document templates to facilitate the collection process (see below)
  4. Add, organize and logically label all completed documents to a data room using Dropbox, Google Drive etc
  5. 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? 
    • Time in business cash flowing? 
    • Revenue and net income of business if any? 
    • 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:
      • Construction or existing? 
      • Address? 
      • Appraisal and what kind? 
      • Value of property? 
      • Are there any liens? 
    • If equipment:
      • Cost/value of equipment? 
      • Equipment list? 
      • Invoice/Quotes? 
    • Money to put down? 
    • Other collateral or assets? 
    • What are your rate and term expectations? 
    • What is your plan/ability to service the debt? 

NEED AN NDA FIRST?

Download our NDA, sign and email to info@loanviser.com. We’ll countersign and reach out to get the conversation going.


Done Collecting Documents? Let’s Get Started!

    Full Name *

    Company *

    Office Phone *

    Cell Phone *

    Email *

    State *

    Best Time to Call *

    Years in Business*

    Annual Revenue *

    Type of Financing Needed *

    Finance Amount Needed *

    Did you review the checklist(s) below and gather all the required documents?*

    YesNo

    Paste the Data Room Link Here (Dropbox, Google Drive, SharePoint etc)*

    Paste Q&A Summary Answers *

    FINANCING CHECKLIST & DOCUMENT TEMPLATES

    • Compile the following documents and add them to a data room (Drop Box, Google Drive etc). Create a document in the data room titled “Document Checklist”. Notate each list item with the folder>file name. Then submit the inquiry form on this page.

       

      • Detailed use of funds
      • Corporate entity structure
      • Breakdown of ownership
      • Corporate tax returns (2 years)
      • Corporate bank statements (12 months)
      • Corporate P&L statements (last 2 years + YTD)
      • Current balance sheet
      • Projections/Proforma
      • Corporate debt schedule (download template)
      • Corporate real estate schedule (download template)
      • Recent Appraisals or Broker Price Opinion (BPO)
      • Current pictures and/or videos of property
      • Purchase agreement (if applicable)
      • Proof of building insurance (if applicable)
      • Environmental assessment (if applicable)
      • Copy of current lease(s)/rent roll (if applicable)

       

      AS TO GUARANTORS, OWNERS AND OR SPONSORS WE NEED THE FOLLOWING:

       

      • Personal financial statements of all owners (download template)
      • Credit report for principals (free services OK. Downloaded PDF preferred)
      • Real estate schedule (download template)
      • 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 budgeted for purchase

       

      IF INCLUDES LICENSES:

       

      • Details of all granted/pending licenses and license applications (licenses by jurisdiction and type)
      • Details of all granted/pending patents

    • Compile the following documents and add them to a data room (Drop Box, Google Drive etc). Create a document in the data room titled “Document Checklist”. Notate each list item with the folder>file name. Then submit the inquiry form on this page.

       

      • Detailed use of funds
      • Corporate entity structure
      • Breakdown of ownership
      • Corporate tax returns (last 2 years)
      • Corporate bank statements (12 months)
      • 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
      • Detailed equipment listing (download template)
      • Invoices and specifications sheets for equipment being purchased
      • Equipment appraisals (if refinancing equipment)
      • Projections/Pro-Forma (if applicable)
      • Cannabis license(s) details of all granted and/or pending licenses and license applications (licenses by jurisdiction and type)

       

      AS TO GUARANTORS, OWNERS AND OR SPONSORS WE NEED THE FOLLOWING:

       

      • Personal financial statements of all owners (download template)
      • Personal tax returns for last 2 years
      • Credit report for principals (free services OK. Downloaded PDF preferred)

    • Compile the following documents and add them to a data room (Drop Box, Google Drive etc). Create a document in the data room titled “Document Checklist”. Notate each list item with the folder>file name. Then submit the inquiry form on this page.

       

      • Detailed 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 GUARANTORS, OWNERS AND OR SPONSORS WE NEED THE FOLLOWING:

       

      • 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)

    • Compile the following documents and add them to a data room (Drop Box, Google Drive etc). Create a document in the data room titled “Document Checklist”. Notate each list item with the folder>file name. Then submit the inquiry form on this page.

       

      • Detailed 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 GUARANTORS, OWNERS AND OR SPONSORS WE NEED THE FOLLOWING:

       

      • 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)

    • Compile the following documents and add them to a data room (Drop Box, Google Drive etc). Create a document in the data room titled “Document Checklist”. Notate each list item with the folder>file name. Then submit the inquiry form on this page.

       

      • Detailed 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

    • Before submitting your equity request, please be sure the pitch deck includes all relevant information from the checklist below. In addition, provide a shorter summary answering the initial questions below. Complete the following documents and add them to a data room (Drop Box, Google Drive etc). Then submit the inquiry form on this page.

       

      SUMMARY OF YOUR COMPANY INCLUDING THE FOLLOWING:

       

      • What stage is your company?
      • What makes you unique and special?
      • How much are you looking for?
      • What is the use of funds?
      • What do you have for current investment or financing?
      • Is there a specific offering?
      • What is your exit strategy?
      • How long have you been trying to get investment funding?.
      • How many equity investors have seen this? If any, please provide a list.
      • Do you have everything relevant from this checklist in the pitch deck?
      • Do you have a data room? Please put EVERYTHING you have in it, good, bad and ugly.

       

      PITCH DECK CHECKLIST

       

        • Executive Summary – This should be a complete, concise, extensive overview of the project that includes:
          • Description of Property – Address, City & State of premises along with type of hemp/cannabis operation.
          • Is this a preexisting establishment or brand new development?
          • Legal Owner – Entity which owns the property or to be created.
          • Loan Amount & Use of Funds – Debt owed, other liens on the property, uses of cash.
          • Date of Purchase & Price – How much cash does the borrower have invested?
          • Debt Service – Current debt on property (including terms and if current), current NOI, 5-yr pro forma NOI and any stabilization notes or key events.
          • Sources & Uses – Explain how and where the funds will be used, including source of your investment funds and funds already invested in project.
          • The Story – Give a clear picture of what is going on – good, bad + ugly. What is the situation, and why should the project be financed? What services or products do you plan to sell? Is this new technology or game changer? Is it vetted and tested?
          • Color Photos – provide a picture or two of the current condition of the property. There will be more requested later.
        • Sponsor Resume and Bios – On each and every Principal in the transaction. Information about their background, level of experience, position and connection relative to this project.
        • Sources & Uses of Funds – A complete financial picture if not included in ES above:
          • Sources – It is required by Federal and International law to account for the sources of funds in every transaction. Where the funds are coming from, that they are in the control/possession of the Principal(s), and that they are derived from “good, clean, and non-criminal” origin.
          • Uses – provide a detailed breakdown of ALL costs of the transaction, and how the loan proceeds are going to be used.
        • Financial Statements – A complete financial picture of the project:
          • Current NOI – provide a current Net Operating Income statement with breakdown of expenses. If this is a new development with no operating history, please note that. For existing properties/projects, a 2-year financial history is required.
          • Pro Forma NOI – Provide a minimum 3-year projection of expected performance after the new loan is put in place. Show that the property will perform to certain standards, and is a good investment. Include any value-adds as well.
        • Exit Strategy – Detail the plan for loan payoff and exit strategy for the project financing. These work a little different in the cannabis/hemp industry. There are a lot of mergers and buyouts in this industry. Exit strategy requirements are between 1-5 years depending on the loan program.
        • Supporting Documentation – Provide all other supporting documentation that you believe would be helpful during the review of your request. This will vary greatly based upon the type and scope of the project.