Bespoke's Lending Products for the Cannabis Industry

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 75% 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: 3-4% 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 75% 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 25% 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: 3-4% 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: 3-4% of invoice amount per 30 days

The Step-by-Step Process

Cannabis Purchase Money Financing Step One

Manufacturer receives a Purchase Order for finished goods from Retailer and submits a PO to Cultivator for raw materials.

Cannabis Purchase Money Financing Step Two

Bespoke pays Cultivator directly for Manufacturer’s purchase of raw materials.

Cannabis Purchase Money Financing Step Three

Manufacturer receives raw materials and creates the products to fulfill the PO.

Cannabis Purchase Money Financing Step Four

Retailer pays invoice to Bespoke. Bespoke retains advance amount paid to Cultivator + accrued fees, sending the balance of payment to Manufacturer.

CANNABIS FINANCING

Line of Credit

Want the most flexible financing? Do you need to pay vendors and non-vendor expenses? With Bespoke’s revolving Line of Credit you can draw down capital to use as you like or request Bespoke pay vendors on your behalf so you never miss out on a buying opportunity. Our LOC also gives you the freedom to finance facility improvements, pay taxes, and much more.

Benefits of our Line of Credit:

  • Quick access to capital within 2 business days
  • Make simple monthly interest payment
  • Increase your purchasing power
  • Finance facility improvements

Consider our Line of Credit  if You’re A:

  • Cultivator
  • Distributor
  • Manufacturer
  • Cannabis Brand
  • Dispensary
  • Ancillary Cannabis Company

Line of Credit Details:

  • Call down capital directly to your bank account
  • Or we pay vendors directly upon your request
  • Bespoke advances funds in 24 hours or less
  • Flexible payments- make monthly interest payments or repay the balance in full
  • Revolving Line of Credit
Contact Us

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