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 info@loanviser.com. 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
- 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)
- 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)
- 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)
- Corporate 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)
- Corporate 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)
- Corporate 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
