Cannabis Business Loans

Cannabis business loans for entrepreneurs looking to fund their startups or scale their growing businesses. Sometimes a small amount of capital is all that’s needed to take a business to the next level and a loan from a trusted financial institution can accomplish those goals! The Ganjapreneur business index is a resource that aligns brands with like-minded professionals — browse qualified lenders below!

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Green Life Business Group INC.

First Capital Business Finance

Capital Shift

Pelorus Equity Group

KeefX

Small Business Funding

Alpine Funding Solutions

Dynamic Funding of Colorado

Seed To Sale Funding

Dynamic Alternative Finance

Ebee Management Group

Montegra Capital Resources, LTD

AVANA Capital

GoKapital

First American Merchant

AFC Gamma

CITY CAPITAL REALTY

Upwise Capital

Smarter Finance USA

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How to Get a Cannabis Business Loan

Investors are the most common way to access funding in the cannabis industry. But that doesn’t mean it’s the right move for every business.

A business loan might be the perfect choice for your cannabis company. Small business loans give you more control. Investors can exercise more authority in daily operations to ensure a return on their investment.

Why is it important to find a cannabis-friendly lender?

The federal government considers cannabis illegal, even state-legal cannabis operations. This means cannabis businesses like yours don’t have access to traditional lenders.

Applying for a cannabis business license alone can cost $10,000 or more. The hefty ongoing cost of operations is just another expense. Cannabis-specific small business loans remove the federal red tape around lending and grant you legal, liquid funds.

What to look for in a cannabis business lending partner:

Vetting your product or service provider’s cannabis expertise is crucial. The existing complex financial regulations require specialized cannabis knowledge. Make sure your lender has experience loaning to cannabis businesses before working together.

Here are some questions to ask:

  • What kind of loans or credit do you recommend for my business?
  • What are your interest rates like?
  • What is your payment schedule?
  • What are some challenges we might run into during this process?
  • Have you successfully loaned money to cannabis businesses in the past?
  • If my loan or business needs change, how can you support that?
  • What do you need from me to do your job well?

Connect with cannabis lenders on Ganjapreneur’s verified list of lenders. This list was created to make it easy for business owners to find cannabis products and service providers.

We have not worked with each listed business directly. Each business has been verified to be an active business serving the cannabis industry. We encourage all operators to reach out to multiple businesses on this list and determine the right one for you.


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