Cannabis Business Loans
Cannabis companies face an uphill battle on the way to business prosperity. With federal-level regulations prohibiting access to many traditional banking, tax and business benefits, most marijuana business owners could use a helping hand to get ahead.
FundCanna is proud to be that helping hand for the nascent space.
We provide financing solutions for various types
of cannabis companies across the marketplace.
Having a line of credit for your cannabis business can give you
the instant access to cash you may need.
Does your company produse cannabis accessories or a state of the art nutrient collection for cannabis cultivators? Have you had trouble trying to get a loan from a traditional bank? FundCanna's Cannabis loan products are here to support your goal of scaling your business.
Does your company produse cannabis accessories or a state of the art nutrient collection for cannabis cultivators? Have you had trouble trying to get a loan from a traditional bank? FundCanna's Cannabis loan products are here to support your goal of scaling your business.
FundCanna provides cannabis brands the capital they need to compete in a fast-growing industry with short-term cannabis loans.
FundCanna provides cannabis brands the capital they need to compete in a fast-growing industry with short-term cannabis loans.
Although CBD Companies are legally able to get financing through traditional banks, the overwhelming majority do not get approved. FundCanna's loan solutions are here to support your companies goal of scaling your CBD business.
Although CBD Companies are legally able to get financing through traditional banks, the overwhelming majority do not get approved. FundCanna's loan solutions are here to support your companies goal of scaling your CBD business.
As a cultivator of cannabis, you need consistency in growth to maintain your business.
You will experience fluctuations in flower prices and inconsistency in the timing of sale/payment for your cannabis crops. You will need to upgrade your lighting, test nutrients and constantly innovating to produce the best product. Demand for strains and variation on categories varies wildly, the duration of time between cultivating and receiving payment for your products leads to delays in cash flow.
As a cultivator of cannabis, you need consistency in growth to maintain your business.
You will experience fluctuations in flower prices and inconsistency in the timing of sale/payment for your cannabis crops. You will need to upgrade your lighting, test nutrients and constantly innovating to produce the best product. Demand for strains and variation on categories varies wildly, the duration of time between cultivating and receiving payment for your products leads to delays in cash flow.
Whether you want to purchase more products from your vendors, hire more staff, or purchase additional vehicles to scale your fleet, FundCanna can help you achieve those goals with one of our many financial solutions.
Whether you want to purchase more products from your vendors, hire more staff, or purchase additional vehicles to scale your fleet, FundCanna can help you achieve those goals with one of our many financial solutions.
Testing new brands and product, maintaining inventory and keeping your customers happy is vital for the success of a dispensary.
Products and offerings are constantly evolving, financing must be accessible and flexible enabling you to purchase with terms across more categories.
Testing new brands and product, maintaining inventory and keeping your customers happy is vital for the success of a dispensary.
Products and offerings are constantly evolving, financing must be accessible and flexible enabling you to purchase with terms across more categories.
From testing, compliance, warehousing, shipping and creating a market for sellers and buyers, your role is critical. Often your buyers and sellers are cash strapped, you can increase the transactions on your platform and drive more revenue when your clients have access to capital. Partner with FundCanna and we will work with you to increase their cash flow and drive more sales.
From testing, compliance, warehousing, shipping and creating a market for sellers and buyers, your role is critical. Often your buyers and sellers are cash strapped, you can increase the transactions on your platform and drive more revenue when your clients have access to capital. Partner with FundCanna and we will work with you to increase their cash flow and drive more sales.
Hemp cultivators often need access to capital to bridge the gaps between harvest cycles. FundCanna offers a number of financial solutions for Hemp companies.
Hemp cultivators often need access to capital to bridge the gaps between harvest cycles. FundCanna offers a number of financial solutions for Hemp companies.
The science of manufacturing is critical to the industry.
Whether distillates, edibles or topical treatments, the work you do is time and resource intensive and the amount of time between purchasing raw materials, manufacturing, processing, packaging and shipping translates to lots of capital being tied up before revenue can be realized.
FundCanna makes it easy for you to concentrate on what matters, producing superior product and growing your business.
The science of manufacturing is critical to the industry.
Whether distillates, edibles or topical treatments, the work you do is time and resource intensive and the amount of time between purchasing raw materials, manufacturing, processing, packaging and shipping translates to lots of capital being tied up before revenue can be realized.
FundCanna makes it easy for you to concentrate on what matters, producing superior product and growing your business.
Cannabis Testing Labs need access to capital just like the rest of the supply chain. FundCanna has a variety of financial solutions to assist.
Cannabis Testing Labs need access to capital just like the rest of the supply chain. FundCanna has a variety of financial solutions to assist.
Fill out the form below and have access to the capital you need in as little as 24 hours.
What Is Cannabis Financing?
Cannabis financing offers businesses of all types the funding options often unavailable to them due to ongoing federal regulations. Companies directly involved with the plant and ancillary brands may qualify, including THC, CBD and hemp-focused businesses.
Some common funding strategies utilized across the cannabis space include merchant cash advances, lines of credit, and business loans catering to various sectors and company goals.
With the funds in hand, cannabis companies can put the money to work, helping the company stay out of the red or scale to new heights. Businesses can utilize financing to help:
- Increase cash flow
- Acquire commercial real estate
- Hire and train staff
- Open additional locations
- Buy or lease new equipment
- Develop or redesign the company brand
- Advertising
- Marketing
Taking on debt always comes with risk, especially in new markets. Your cannabis business needs to find the right lender–someone who will help fund your business and make the process as seamless, transparent and trustworthy as possible.
Every business has different goals and needs for its finance partner. However, overall, the ideal lender remains the same. Superior financial institutions should help your company stay in the loop on crucial business elements, including:
- Mitigating risk
- Best financing options
- Interest rates, pay schedules and other important dates and data points
- Updates or changes needed to your business financing
Who Can Qualify?
Just about any cannabis sector and market function
can qualify for some type of business financing.
Some of the more common sectors taking part include:
Dispensaries
Dispensaries are the frontline of the customer experience. Essentially, these cannabis businesses seek to replicate the wow factors we experienced as kids when we went to the toy store or other awe-inspiring places of our youth.
Retailers regularly turn to financial institutions for working capital and vendor financing to achieve this wow factor.
One thing sure to get jaws dropping is a plethora of high-quality products. Top dispensaries always have many top-tier products and the inventory to match customer demand.
Having rapid access to funds is critical for retail establishments. And with FDIC-insured banks often saying no, cannabis operators need an alternative. Several small business loans are doing just that. In addition to inventory, the funds may be used for various operational and growth endeavors, including but not limited to store repairs, additions, staff hires, paying debts, marketing efforts and much more.
Cultivators
Cultivating is the backbone of this and many other industries. From financing equipment to seeds and fertilizer, cannabis cultivators have quite the financial obligations to manage when it comes to inventory. Factor in delayed invoice payments, years of refining processes, inflation and many other business pain points, and that much-needed cash flow can narrow into a trickle–a flow that won't sustain crops or a grow operation.
Many turn to vendor financing and working capital options to avoid such a predicament.
Cultivators utilize funds from financial institutions to ensure they have capital in place–even when waiting for crops to develop or vendors to pay past due purchase orders. With the funds in hand, the seamless reinvestment into the company's future can continue.
Delivery
Much like a dispensary, a robust product selection is a key to keeping consumers happy and enticing upsells. Without working capital, a delivery company cannot pay vendors for those in-demand products. While traditional FDIC-insured options almost always say no, funds are attainable through various financial solutions.
With working capital secured at a low interest rate, delivery units can buy that crucial high-quality inventory. The investment often also includes purchasing cars, trucks or other units to ensure reliable delivery and safety of drivers.
Distribution
Invoice financing helps distribution companies reach their business goals by maintaining cash flow and inventory even if a client or two is late with payments.
Unpaid invoices can bog down a distribution operation, leaving operators without the funds to cover everything from inventory to gas to staff pay. The distributor is sure to feel the pain as missing money can threaten operations stall and growth plans. The effects on a distribution unit aren't isolated. The results are most assured to affect dispensaries, delivery units and consumers along the way.
Distributors can avoid such an outcome by utilizing various financing solutions, making them and the supply chain breathe easier.
Manufacturers
Manufacturers create some of the most jaw-dropping innovations in the space. Regularly doing so is a daunting task, especially when finances are considered. Purchasing equipment, cannabis and other essentials to test and refine your equipment and processes can cost staggering sums in short order.
Some ancillary manufacturers may be able to obtain traditional financial solutions, including a bank account, checking and long- and short-term funding solutions. On the other hand, plant-touching manufacturers will likely run into endless walls pursuing FDIC-insured financing.
But, through a full suite of financial products, cannabis companies can secure the needed funds for production materials and cover invoice costs.
Ancillary
Ancillary, or "not plant-touching," companies are a more robust industry than all of plant-touching combined. The result is due to the massive, wide-open opportunity in the ancillary space due to the nascent market and more favorable federal regulations.
Ancillary work can vary far from plant production, like app development or hosting cannabis-infused events. In other cases, ancillary brands work closely with plants and their products. Many of these companies find themselves in cannabis subsectors like delivery, HVAC, lighting, security, extraction tech and much more.
With such a wide range of industries to cover, various financial solutions could benefit a company, depending on client needs and goals.
Hemp Producers
Thanks to the 2018 Farm Bill, hemp and CBD producers typically have a more straightforward pathway to funding through a US Small Business Administration (SBA) loan. Still, CBD and hemp companies find themselves stuck when attempting to obtain a line of credit.
With just a few qualified lenders comfortable working with cannabis, hemp brands remain at the whim of social stigmas and unnecessary market aversion. Thankfully, alternative funding institutions like FundCanna are helping fill the void.
Testing Labs
Testing labs are critical to plant and product analysis. Labs are responsible for verifying plant profiles as well as ensuring consumer safety. Public safety is made possible by testing for harmful solvents, pesticides and other unwanted materials or misstated claims.
The lab market varies by state. And in some cases, working capital is hard to come by. To obtain working capital, testing labs turn to finance solutions like FundCanna to ensure their facility can continue to grow and ensure product quality across the supply chain.
Fast Funding
The bottom line is that cannabis companies deserve access to funding like any industry.
Those companies deserve a partner who is efficient, transparent and helpful every step of the way.
FundCanna is proud to provide the cannabis industry
with the financing solutions needed to start up, scale and thrive.
We do our part for the cannabis industry by
providing businesses with financing through a suite of solutions.
We understand that financing is tantamount to empowerment in this nascent space, and everyone could use a hand. Marijuana businesses of all varieties are welcome to apply, both plant-touching and ancillary brands.
With approvals in as little as 24 hours, you can soon receive the crucial funding needed to succeed.
Contact us today to learn more about what FundCanna can do for your cannabis business.
Get the funding you need. FAST.
Approvals in as little as 24 hours
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