Cannabis Loans for Testing Labs
A great strategy isn’t enough. You need money to make money.
FundCanna can get you the line of credit you need to succeed
Of all the different marijuana businesses, testing labs are among the most essential. Not only do labs test the potency of products, they also test for biomass, extracts, and finished products for safety. They detect pesticides, residual solvents, heavy metals, and more, empowering cultivators with the info they need to improve their craft. It’s a win for growers. It’s a win for consumers. And it’s a win for governments and regulators. Quality control is key for all cannabis businesses. So you’d think it’d be easy for a testing lab like yours to secure the line of credit you need, right?
If only.
As cannabis businesses across the sector are finding, cannabis financing with fair interest rates is still a real struggle.
Marijuana is still illegal on the federal level, making it difficult to find the financing solutions business owners like you need to thrive. Though the tide is slowly but surely changing in favor of the cannabis industry, traditional banks don’t offer many financing options to cannabis companies.
Bottom line, you need private lenders who understand your needs. We are those people.
FundCanna can help your lab secure the working capital you need to succeed. We have a wide range of business financing options. Do you need a new spectrometer? FundCanna’s equipment financing is here to help. Do you need a short term bridge loan for payroll? Cash advances could be the answer. Looking to expand your operations? Ask us about real estate loans. Whatever your financing needs are, FundCanna is here to help you find solutions.
Marijuana is still illegal on the federal level, making it difficult to find the financing solutions business owners like you need to thrive. Though the tide is slowly but surely changing in favor of the cannabis industry, traditional banks don’t offer many financing options to cannabis companies.
Bottom line, you need private lenders who understand your needs. We are those people.
FundCanna can help your lab secure the working capital you need to succeed. We have a wide range of business financing options. Do you need a new spectrometer? FundCanna’s equipment financing is here to help. Do you need a short term bridge loan for payroll? Cash advances could be the answer. Looking to expand your operations? Ask us about real estate loans. Whatever your financing needs are, FundCanna is here to help you find solutions.
Applying for a loan for your marijuana testing lab has never been easier.
Fill out the form below and have access to the capital you need in as little as 24 hours.
FAQ's
Absolutely! Fundcanna provides access to capital to all cannabis businesses in the supply chain as well as all businesses that service the supply chain. Apply today!
Marijuana Testing companies have access to the full suite of financial products provided by FundCanna.
Marijuana Testing companies need to provide FundCanna 3 months bank statements, our simple application, and year-to-date financials. That's it.
Not necessarily. The majority of our financial solutions do not require any sort of collateral to get approved.
Invoice Financing
It can be hard to realize your dreams without the right team. FundCanna is in your corner. With FundCanna’s invoice financing, you can continue to invest in your business while maintaining cash flow. Don’t be at the mercy of other people’s payment cycles. Send us your invoices. We’ll send you 80% of the invoice amount. And upon payment, we’ll send you the remaining 20% (minus fees). It’s that easy!
Inventory Financing
You need supplies to meet your demands. Unfortunately, your clients aren’t always prompt with their payments. This isn’t just frustrating, it can slow your growth. Don’t let it. FundCanna’s inventory financing offers a solution. Upon approval, we will pay your vendors for the supplies you need, and when your clients finally come through, send us the full amount we paid, plus accrued financing fees. You only pay fees on the amount of funds you use, regardless of how much you’re approved for.
Inventory Financing
You need supplies to meet your demands. Unfortunately, your clients aren’t always prompt with their payments. This isn’t just frustrating, it can slow your growth. Don’t let it. FundCanna’s inventory financing offers a solution. Upon approval, we will pay your vendors for the supplies you need, and when your clients finally come through, send us the full amount we paid, plus accrued financing fees. You only pay fees on the amount of funds you use, regardless of how much you’re approved for.
Get the funding you need. FAST.
Approvals in as little as 24 hours
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