(800) 372-4950

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 7.5 – 9% 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