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Purchase Money Financing
Don’t let cashflow slow down your growth
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.
CANNABIS FINANCING
Learn If Our Purchase Money Financing is The Right Solution For You
Benefits of our
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
Purchase Money
Financing Details:
- We pay your vendors directly
- 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
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.
"The most vital thing has been the flexibility to access the capital we need to increase production to keep up with demand. This is a very capital-intensive industry, and the partnership we've cultivated with Bespoke Financial has been crucial to our success."
Sebastian Solano
Chief Executive Officer
"Through Bespoke’s Inventory Financing solution, we're more aggressive with our purchasing which enables us to scale and grow faster."
Rashaan Everett
Chief Executive Officer
"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."
Aviad Haimi-Cohen
CFO & Head of Operations
"Bespoke is the single biggest reason for my company’s growth this past 4 months. We had an exciting growth/expansion plan worked out, but could NOT have initiated it without the help of Bespoke."
Andrew Mattison
Chief Executive Officer
Our Firm
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.
