Bespoke Financial Inc. Copyright: © 2023. All rights reserved.
Loans made or arranged pursuant to a California Finance Lenders Law License
Sell to your clients on terms but still have access to immediate capital
Most cannabis businesses wait 30 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.
Learn If Our Invoice Financing is The Right Solution For You
Benefits of our
- Quick access to working capital within 24 hours
- Consistent cash flow
- Extend terms to your clients
Consider Invoice Financing if You’re A:
- Cannabis Brand
- Ancillary Cannabis Company
- We send funds directly to your bank account
- Interest only accrues when you use the funds
- Borrow for up to 120 days
- Fees: 2.5-3.5% of invoice amount per 30 days
- No prepayment penalties
how it works
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.
"By securing long-term contracts and down payments on long lead-time items, we've been able to derisk supply and better plan out our growth."
CFO & Head of Operations
The First Licensed Commercial Lender For Cannabis
Founded in 2018, 0ur team brings together years of experience from the lending, technology, and cannabis industries. We work with our clients to provide access to working capital so they can scale, grow and prosper.
Looking to learn more before applying?
Get in touch for a free consultation
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