A traditional bank loan is a commonly-thought-of option for US Business funding .With no major US bank willing to fund cannabis-related businesses, however, non-traditional lending solutions are the only alternative. They are made available by qualified lenders such as Alternative Funding Group — the most trusted funds provider for cannabis businesses in the United States.
In order for your cannabis business to qualify for funding, it needs to be at least one year old and have annual revenues of $90,000 or more. Alternatively, it can have revenues of $7,500 per month over the last three months. Any and all additional requirements can be found on our hassle-free loan application below.
Alternative Funding Group has helped cannabis companies in the United States secure business capital easily and in the fastest time frame possible. Our knowledgeable consultants, flexible terms, and low interest rates have helped secure our position as the most trusted cannabis business funds provider.
In order to be eligible for our business working capital funding solutions, your legal cannabis company must have a physical presence in one of the 48 contiguous states. This does not include Hawaii or Alaska.
If all required documents are verified and satisfactory, funds will be dispersed in as little as 24 – 48 hours! However, if additional documents are requested, it may take up to 5 business days. Any delay in the sending in of additional documents can add to this time frame.
To qualify for an advance, your business needs to be atleast a year old. You should have revenues of $90,000 annually or $7,500 per month over the last three months.
Altfunding Group works really well in funding my CANNABIS Business needs. Funds are already available as soon as all requirements are complete.
Quick and easy to deal with. I am happy with the transaction I made with ALT FUNDING Group. Will definitely recommend it to friends who need funding with their CANNABIS Business.
Probably the best CANNABIS Funding i ever dealt with. Thank you Alt Funding team!
A working capital loan can be used for everyday operations. A merchant cash advance, real estate merchant cash advance, or asset-based lending can also be used for common business expenses. Equipment financing can be used to purchase cannabis grow room equipment such as grow lights, ventilation systems, temperature and humidity controls, and other equipment. It can also be used for racking stations, trimming tables, and more. Any physical cannabis business asset that is not real estate can be covered with equipment financing.
Your cannabis business should comply with state and local laws and ordinances. If it does, we only require a completed online application and your cannabis business’s last three monthly bank statements. We realize that traditional banks have not made it easy for cannabis-related businesses to work with them. Please fill out our online application and speak with one of our funding managers today.
Some alternative funding options can be used for franchising and/or expanding your business. Since cannabis legalization is currently limited in scope — it is not nationwide — your business should remain in compliance with all applicable state and local laws. Please fill out our online application and speak with one of our funding managers today. We can help you choose a funding option that is appropriate for your cannabis business’s needs.
*Due to differing bank policies, it can take several business days before your funds are available.
