Short Term Financing for Cannabis Companies
Cannabis companies often struggle with long cashflow collection cycles, irregular collections on invoices, a lack of viable lenders and dilutive equity capital raises.
Bespoke solves these problems by offering cannabis companies Invoice Financing and Inventory Financing options which provide cash to pay expenses or purchase inventory quickly and reliably. Our short term cannabis loans can help your business better plan for success and scale for the future.
cannabis loans questions
FAQs About Cannabis Loans
What information do I need to submit to apply?
Applicants must submit recent financial records (balance sheets, income statements, and bank statements), disclose key management personnel and provide a list of all active cannabis licenses currently held.
Can I repay my cannabis loans from Bespoke with cash?
Yes, we accept payment in the form of cash, checks, ACH, wires, or bank transfers.
What if I need a higher credit limit 6 months after I was approved?
We are committed to long-term partnerships with our clients and can increase your credit limit as your capital needs grow without undergoing the application process again.
Will Bespoke require the same monthly inventory and cash audits conducted by most asset-based lenders?
No. As long as you continue to make payments when due, we only require you to submit updated financials on a quarterly basis.