Bespoke Financial Inc. Copyright: © 2019. All rights reserved.
Invoice Financing & Inventory Financing for the Cannabis Industry
Bespoke Financial helps address the funding needs for cannabis businesses with financing services specifically tailored to the needs of cultivators, manufacturers, brands, distributors, retailers, and ancillary companies.
CANNABIS FINANCING
Invoice Financing
Most cannabis businesses wait 30-90 days before receiving payment on their open invoices, creating working capital strains and hindering growth. Invoice financing helps by providing your business with capital when you need it. When you’re approved for invoice financing, we’ll provide you with an advance of up to 80% on a nominated accounts receivable invoice.
Benefits of
Invoice Financing:
- Quick access to working capital within 2 business days
- Consistent cash flow
- Freely extend terms to your clients
- Flexible
Consider Invoice
Financing if You’re A:
- Cultivator
- Distributor
- Manufacturer
- Cannabis Brand
- Ancillary Company
Invoice Financing
Loan Details:
- We pay you directly
- Interest only accrues when you use the funds
- Borrow for up to 90 days
- Fees: 2.5-3.5% of invoice amount per 30 days
The Step-by-Step Process
Distributor ships goods to a Dispensary, issues an invoice due in 30 days and requests financing from Bespoke.
Bespoke advances 80% of the invoice amount directly to the Distributor’s bank account.
Distributor utilizes funds to scale up production and increase profits. Financing fees accrue until the invoice is paid in full to Bespoke.
Dispensary pays the full invoice to Bespoke. Bespoke sends the remaining 20% of the invoice to Distributor less accrued fees.
CANNABIS FINANCING
Inventory Financing
Don’t let cash flow issues slow down your growth. Stay on top of your invoices with inventory financing. When you’re approved for Bespoke’s inventory financing, we’ll pay your vendors directly so you can demand COD pricing.
Benefits of Inventory Financing:
- Maintain positive vendor relationships
- Take advantage of growth opportunities
- Demand lower pricing by paying COD
- Flexible financing available
Consider Inventory Financing if You’re A:
- Cultivator
- Distributor
- Manufacturer
- Cannabis Brand
- Dispensary
- Ancillary Cannabis Company
Inventory Financing Loan Details:
- We pay your vendors directly
- Interest only accrues when you use the funds
- Borrow for up to 90 days
- Fees: 2.5-3.5% of invoice amount per 30 days
The Step-by-Step Process
Cultivator ships biomass to a Manufacturer and issues an invoice due in 15 days.
Manufacturer requests financing from Bespoke.
Bespoke advances 100% of the invoice amount to the Cultivator.
Manufacturer processes biomass and sells final product.
Manufacturer pays the invoice amount plus accrued fees to Bespoke.
CANNABIS FINANCING
Purchase Money Financing
Cannabis companies often receive PO’s but don’t have the capital on hand to fulfill the orders during times of increased demand. Bespoke advances 100% of your purchase of raw materials enabling you to fulfill purchase orders.
Benefits of Purchase Money Financing:
- Increase purchasing power
- Pay COD to receive price discounts
- Capitalize on periods of increased demand
- Improve unit economics
Consider Purchase Money Financing if You’re A:
- Cultivator
- Distributor
- Manufacturer
- Cannabis Brand
- Ancillary Cannabis Company
Inventory Financing Loan Details:
- We pay your vendors directly
- Interest only accrues when you use the funds
- Borrow for up to 90 days
- Fees: 2.5-3.5% of invoice amount per 30 days
The Step-by-Step Process
Manufacturer receives a Purchase Order for finished goods from Retailer and submits a PO to Cultivator for raw materials.
Bespoke pays Cultivator directly for Manufacturer’s purchase of raw materials.
Manufacturer receives raw materials and creates the products to fulfill the PO.
Retailer pays invoice to Bespoke. Bespoke retains advance amount paid to Cultivator + accrued fees, sending the balance of payment to Manufacturer.