CBD Business Loans and Financing
mCashAdvance™ offers financing to all CBD related businesses. Borrow up to $800,000 and get funded in as little as 24 hours.
Financial Solutions For The CBD Industry
Are You Struggling To Get a CBD Loan?
Traditional lenders, such as banks, are unfamiliar with the regulations regarding CBD financing. Despite the legalization of hemp and marijuana cultivation over two years ago, many financial institutions still refrain from lending to CBD-related businesses. Even today, businesses struggle to get a CBD loan because of the negative perception of the CBD industry. If you need funding for your CBD business, mCashAdvance™ can help you.
How mCashAdvance™ Can Help
mCashAdvance™ understands how important it is to work with a direct lender who understands your CBD business. We love funding CBD-related businesses at mCashAdvance™. You will not have to go through a lengthy application process or wait weeks before receiving the funds you need to expand your CBD business.
Loan Options Available At mCashAdvance™ For CBD-Related Businesses
Listed below are the types of loans we offer businesses in the CBD industry. The four main types of funding we offer are:
CBD Working Capital Loans
Perfect for CBD businesses that need funds to cover everyday operations expenses.
CBD Merchant Cash Advances
Perfect for CBD businesses that process allot of credit card sales.
CBD Equipment Financing
Perfect for CBD businesses that need to purchase CBD related equipment or tools.
CBD Short-term Loans
Perfect for CBD businesses just looking for a traditional short-term loan.
Types Of CBD Businesses We Finance At mCashAdvance™
Hemp and marijuana growers and processors are some of the most common types of companies that receive funding from mCashAdvance™. The following is a list of the top five most popular types of CBD businesses financed by mCashAdvance™:
- Cannabis Dispensaries
- Hemp Growers & Processors
- CBD Distributors
- CBD Product Retailers
- CBD Wholesalers
CBD Funding Explained
What Is A CBD loan?
A CBD loan is a type of financing used by businesses operating within the legal CBD industry. Some companies choose to secure these loans against inventory or equipment rather than real estate assets. As a result of cannabis and CBD’ high risk nature, cannabis loans tend to have higher interest rates than those offered by banks. At mCashAdvance™ we provide unsecured CBD business loans.
What Can You Use A CBD Loan For?
Almost any aspect of running a CBD business can be funded by a cannabis business loan. It can include the purchase of equipment, the payment of wages for your staff, marketing, advertising, legal fees, insurance, rent, utilities, inventory, and supplies. Get mCashAdvance™ CBD equipment financing now.
What Is CBD Equipment Financing?
Using CBD equipment financing, you borrow money for CBD equipment and use that equipment as partial collateral for the loan. Financing of this type is used when you need new equipment to maintain and grow your business.
mCashAdvance™ also provides credit card processing for CBD business.
How Does CBD Equipment Financing Work?
When a company applies for CBD Equipment Financing, they submit a request for approval along with all relevant financial information. Once approved, the lender provides a line of credit to the borrower. The amount of money provided depends on how much the company needs to buy equipment. Borrowers must then repay the loan using regular payments over a set
Benefits and Drawbacks of Alternative CBD Funding
- A CBD business loan can be used in any state that legalizes CBD or marijuana
- You can get financing without going through a bank
- There’s no prepayment penalty
- You can get up to $800,000 in financing with no collateral required
- It’s easy to qualify
- CBD business loans can be used for any type of CBD-related business
- You don’t need to have perfect credit.
- No government agency guarantees the loan
- There is no guarantee that loan will be approved
- If you have a criminal record, you may not be able to secure funding
- The interest rates for this type of loan is higher than traditional lending institution interest rates.
Yes, US based banks do offer CBD loans but banks require collateral as well as a personal guarantee. This makes it difficult to get funding for CBD businesses.
Applying for a loan at mCashAdvance™ takes about 5 minutes. After that, it could take anywhere from 24 to 72 hours before you receive the funds.
Applicants must be US citizens, over the age of 18, and provide three months’ worth of financial statements for their CBD businesses.
Does Your Business Need Funding Today?
There’s no fee or obligation, and it won’t impact your credit.
$5,000 – $1,000,000
Talk to a rep at (855) 433-8641
Mon – Fri | 9:00am – 8:00pm