Colorado Cannabis Business Loans

With so few options for obtaining financing, cannabis business owners often find themselves scrambling for cash. Predatory lenders know this, so they’ve popped up everywhere in states that have legalized marijuana, like Colorado. It’s not uncommon for business owners to report being charged interest rates of 40 to 50 percent on their loans when working with predatory lenders. Scam artists are also at work, often offering a “legitimate” way to use credit card sales in their business. Spoiler alert: there’s currently no such thing. If you’re not sure how to know if a lender is predatory or trying to scam you, make sure to ask about the documentation required to receive financing through them. If an offer seems too good to be true – for example, they don’t require a background check on everyone in your business, don’t ask for banking statements, don’t run your credit, and don’t demand financial reports – it almost certainly is. Don’t worry, though; legitimate lenders do exist, especially in states like Colorado that legalized cannabis so early on. The answer is Bespoke Financial.

This is the exact opposite experience from what you will experience with Bespoke Financial.

To get the best rate for your cannabis business loan in Oregon, make sure to have all of the appropriate documentation prepared prior to applying for a loan from Bespoke, including your financial records (balance sheets, income statements, and bank statements), your credit risk profile, and capital needs.