CANNABIS FINANCING RESOURCE CENTER
DOCUMENT CHECKLISTS & TEMPLATES
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
- 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?
- 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 [email protected]. We’ll countersign and reach out to get the conversation going.
Done Collecting Documents? Let’s Get Started!
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FINANCING CHECKLIST & DOCUMENT TEMPLATES
- Please complete the following:
- Create a Dropbox and name it the borrowing entity’s name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
Real Estate Financing Document List
- 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:
- Create a Dropbox and name it the borrowing entity’s name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
Equipment Financing Document List
- 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:
- Create a Dropbox and name it the borrowing entity’s name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
AR/Invoice Financing Document List
- 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:
- Create a Dropbox and name it the borrowing entity’s name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
PO/Inventory Financing Document List
- 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:
- Create a Dropbox and name it the borrowing entity’s name.
- Upload all the applicable documents in the list below.
- Ensure files are named logically for the document they are.
- Then submit the inquiry form on this page.
Revenue Based Financing Document List
- 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:
- Create a Dropbox and name it the borrowing entity’s name.
- Upload all the applicable documents in the list below.
- 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)
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.
