Trusted National Leader in Cannabis Business Funding
Quick and Easy Capital Funding for Your Marijuana Business
Quick and Easy Capital Funding for Your Marijuana Business
Who can provide funding for businesses in the cannabis industry?
A traditional bank loan is a popular option for acquiring business funds. However, traditional lenders do not fund cannabis businesses! This is due to the fact that even though cannabis is being legalized medically and recreationally in a growing number of states, it is federally illegal. Federally insured depository institutions are prohibited from helping you grow your cannabis business. However, it does not mean that your business cannot receive the capital that it needs. With better terms and lower rates, non-traditional lending solutions are a great alternative. They are made available by qualified lenders such as Alternative Funding Group -- the most trusted funds provider in the cannabis industry.
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What is required in order to receive funding for my cannabis-based business?
In order to receive funding, your marijuana/cannabis business 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.
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Where does my business have to be located in order to be eligible for funding?
In order to be eligible for our marijuana business funding solutions, your hemp/cannabis business must have a physical presence in one of the 48 contiguous states. This does not include Hawaii or Alaska. In addition, it should not need to be stated that the cultivation, distribution, and/or possession of cannabis or THC-containing products is illegal in many states. Hence, an additional requirement is that your cannabis business needs to be in compliance with applicable laws and ordinances at local and state levels.
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If all required documents are verified and satisfactory, funds will be dispersed in as little as 24 - 48 hours. However, if additional docu- ments 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.
Alternative Funding Group has helped businesses across the United States secure capital easily and in the fastest time frame possible. Our knowl- edgeable consultants, flexible terms, and low interest rates have helped secure our position as the most trusted business funds provider in the United States — both within the cannabis industry and without.
I have a CANNABIS business and most of the funding agencies out there act like they won’t fund you unless you are financially stable. Alternative Funding Group sustain the true spirit of fair competition. They helped me set up my very own Cannabis business and now I am thriving.
We absolutely loved working with Alternative Funding Group. They are the best for those who need business funds but do not have a great credit score to show. We could get the money we wanted for our business expansion needs within a week. We are so glad that our Cannabis Business is already up and running!
Alternative Funding Group is a true savior. I got the fund I needed for my CANNABIS Business within a few days despite my shaky credit record. I have shared my amazing experience with my friends whose businesses are hard-pressed for finance.
Secure the funds you need for your marijuana business today.
We have already financed over $1 million dollars in the cannabis industry and we’ve already financed more than $229,421,106+ for SMEs.
The term cannabusiness comes from the combination of the words “cannabis” and “business.” A cannabusiness is any business involving the cultivation, production, and sales of cannabis and any ancillary products or services. These cannabusinesses do not necessarily sell or grow a cannabis product directly.
The cannabis industry continues to grow as legalization of marijuana proliferates throughout the United States. Many companies see the business potential of cannabis and have shifted their focus to CBD product lines. As a result, more cannabusinesses are starting, growing, and thriving as legalization continues to spread.
Cannabis is only legal in some states and is still considered illegal on a federal level. Because of this, there is no option to borrow from traditional lenders such as banks. However, don’t put your cannabusiness growth on hold. Cannabusiness funding options are available.
Debt Funding
Debt funding is just like any business funding. Private companies provide the cannabis business funding and it is paid by the borrower later on with an added interest.
Equity Funding
Equity funding is when the capital is provided to the borrowing party, and in exchange, the lender is given a share or is made a stockholder of the company. Thus, there is no longer a need to pay financially, but the payment comes in the share.
Private companies, such as Alternative Funding Group, provide various options for cannabusiness funding.
Private companies offer direct cannabis business funding, real estate loans for growers’ land, cannabis equipment funding, and cash advances. Private companies want to see solid revenue and experience.
Working capital — cannabis business working capital — is a cash advance made to a mariuana business that is paid off with a certain percentage of monthly revenue and sales. In addition, cannabis mezzanine financing provides for business growth and advancement. These cannabis funding options by private companies help marijuana businesses continue to expand, thrive,
Business funding from Alternative Funding Group may take five days for disbursement and can even happen in as little as 24 to 48 hours. However, delays can occur because of missing or incorrect paperwork.
Alternative Funding Group has helped many cannabis-based businesses thrive by providing them with much-needed cannabis business funds. Your marijuana business doesn’t have to be put on hold. Contact our knowledgeable consultants and learn about the flexible cannabis business funding options we provide to cannabusinesses throughout the United States. You can count on Alternative Funding Group to make cannabis business funding easy and hassle-free.