Cannabis Funding Made Simple
We specialize in cannabis financing, hemp business loans, CBD
Business Loans, cannabis lending, hemp equipment financing, hemp equipment
financing, and other cannabis lending products. At Cannabis Startup Loans, we
are committed to providing you with the best means of obtaining funds for your
Cannabis business. We know how hard it can be to arrange funds for start-ups in
this industry, and assist you in fulfilling your dreams by allowing you to
qualify for funds up to $200,000! Learn more About cannabis extraction equipment
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| Cannabis Startup Loans |
CBD Business Loans |
Qualify For CBD Lending
The current grey area of cannabis laws make obtaining CBD
business loans and hemp business loans a challenge. Most lenders and banks are
skeptical about extending CBD business loans due to it’s relative newness in
the market. However, the good news is that it is not as difficult to obtain CBD
lending as it is to secure financing for a marijuana business.
Cannabis Startup Loans is committed to helping cannabis
entrepreneur’s obtain CBD business loans / hemp business loans, and assessing
which type is best to meet your unique business goals. Our CBD funding program
can be used for any of the various cannabis and CBD businesses. We will also
offer advice for getting qualified and funded as quickly as possible.
What loan options are
available for CBD businesses?
Getting a CBD business loan or hemp business loans is not as
difficult as getting a marijuana loan. However, you may still have to look for
alternative CBD lending entities and Cannabis Financing to get the funding you
need.
Most banks and credit unions are still apprehensive about
lending money or extending credit in this developing industry. Also, depending
on your unique needs, it may be better to consider one of the following types
of CBD business loan options:
Term CBD Business
loans
A term CBD business loan will provide a lump sum of working
capital to launch, sustain, or grow your business with. You’ll be required to
pay back the principal plus interest within a certain period, which is typically
over 1 – 10 years. Some CBD lending companies require collateral and others
don’t. Collateral is property or other assets that you own that can be pledged
as repayment of the loan in the case of default. These are extremely difficult
to find and only private lenders offer them right now.
CBD credit lines
A credit line gives you access to a certain amount of working
capital that can be used as you need it. It differs from a term loan in that
you do not receive a lump sum of money. Instead, you receive permission to
access a given amount of funds, as you need them, which can then be repaid in
installments like the payments on a term loan. Credit lines are comparable to
credit cards. You use however much of your limit as you need to, when you need to.
Vehicle &
equipment loans
This type of CBD business loans is a term loan that uses the
equipment and vehicles it pays for as collateral for the loan. You can borrow
between 80% – 100% of the amount needed to purchase or lease the vehicles and
equipment to produce, package, and move your CBD products. If you default on
the loan, the equipment and vehicles will become the property of the lender.
Which type of CBD
business loan is best for my company?
To find the best type of CBD business loans and cannabis
financing for your company, you’ll need to define exactly what need funding
for. Do you need equipment to produce CBD essential oil? Vehicles to deliver
your CBD products? A lump sum of cash to purchase real estate and build a
headquarters?
It is smart to prioritize your needs and wants. Be sure that you
actually “need” to borrow whatever amount you decide on.
If you are looking for the lowest-cost CBD business loans, then
you’ll likely have to spend more time researching available options – and you
may have to put up collateral to back up your loan application. Narrow down
your feasible options and then reach out to the CBD lending companies you find
most suitable.
