Cannabis Funding
We will help you grow your business.
Cannabis Funding
Operating a cannabis-based business requires capital to purchase equipment, facilities, lease space, purchase real estate, and expand operations. Until a determination on whether to remove cannabis from its current Schedule I classification, banks will not take a marijuana-related loan application. Only a few non-bank lenders are willing to originate a loan for marijuana businesses. Patriot Funding has access to those lenders.
Funding Cost Estimates
Inhouse Funding
$1,000 legal for doc prep
$1,000 BOV
4pts
Rates are 10 – 12% for Cannabis
1 – 3 IO
No prepayment penalty
Family Funding
$3,000 legal for doc prep
$2,500 for site visit and travel expenses (fund manager must visit each location)
$500 for BOV
3 – 4pts
Rates are 9 – 15% for Cannabis
4-year prepayment penalty
Requires personal guarantee
Terms are 15 – 20 years fixed rate fully amortized
CA Funding for under 50% LVT
$2,000 legal for doc prep
$1,000 for site visit and travel expenses
$1,000 for BOV
4pts
Rate is 9.89% for any term from 1 – 20 years
No prepayment penalty
No personal guarantees required
No Financials required
Funds can be used in most states for
Land
Structures
Licenses
Equipment