Cannabis Extraction Equipment

 

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

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.