We’ve recently started working with a cannabis lender who is making loans on Accounts Receivable and providing Merchant Cash Advances.Not every cannabis operation has real estate that they can leverage. We understand this and have been working our connections to find one of the best alternative forms of financing for the cannabis industry. Not only will this group provide working capital they’ll also provide capital for equipment and operations.
In order to qualify you have to be operational with a historic cashflow that can demonstrate your ability to repay the loan.
This group is actively looking to deploy capital TODAY so don’t wait.
Deal criteria:
Accounts Receivable Factoring:
- Revolver:
- $500k – $5+M
- 75-80% Advance Rate
- Rate:
- 13-14%
- Term: 2-3 year commitment
Fixed Loan:
- Size:
- $150k – $5M+
- No real max amount. Typically sized to previous one month’s sales
- $150k – $5M+
- Term: 12-24 months
If you have a deal that fits these criteria then send us an email at Justin@encapital.com or by clicking here and let’s start chatting today!
