Cannabis and Hemp Business Loans, Lines of Credit, and Working Capital

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Diamond Business Loans is a private commercial lender and structured finance company that offers financing to borrowers directly and through a network of finance professionals. We feature a variety of commercial loans program to accommodate borrowers’ needs, with loans limits ranging from $500,000 to $25 million plus.

 

Virtually any type of business in the US can apply for funding through Diamond Business Loans. Even businesses in the cannabis industry, from startup growers to established dispensaries, may be eligible for funding despite the lack of a financial track record or the shaky legal status in different states.

 

Global cannabis sales are predicted to reach more than $33 billion by 2025; however, the road to opening a cannabis business is filled with regulations and expenses. One of the biggest hurdles in the cannabis industry is obtaining capital to fund the startup and operations of a cannabis business. And as more states legalize medical and recreational marijuana, the need for cannabis business financing continues to grow. Since traditional banks don’t lend to cannabis businesses, cannabis-specific lenders have emerged with to provide entrepreneurs with cannabis business loans, working capital, and credit lines. 

 

What Kind of Information Will I Need to Get a Cannabis Business Loan?

Lenders will need to review your financial records, including your Profit and Loss Statements, Bank Statements, licensing information and history, corporate formation and governing documents, as well as your personal credit profile. Lenders catering to the cannabis industry will also want to review a detailed plan on what you plan to use the capital for and how you intend to repay the loan if it’s approved. 

 

What Kind of Cannabis Business Loan is Right for My Business?

Every business has different capital requirements which can vary based on the which stage of the business you are in, where you operate (or plan to operate) the business (City & State), and they type of business the funding is for (Retail, Cultivation, Distribution, Manufacturing, etc.).

As a cannabis business owner, no matter which kind of funding you choose, you need to make sure you work with a lender that understands the cannabis industry and your specific borrowing needs. 

 

Diamond BL Can Help

Diamond BL is here to help you with all your Cannabis Business Loan needs. Get started today!

 

Lending Guidelines

  • Loan Amounts: $500,000 – $25 million (very well qualified transactions may be higher);
  • Loan to Value (LTV): up to 70% of the Appraised Value;
  • Down Payment Assistance Available for Qualified Borrowers;
  • Interest Rates: 7% – 15%;
  • Fees: 3 – 6 points (including lender or brokerage fees);
  • Loan Term: 6 months  – 10 Years (very well qualified transactions may be longer) ;
  • Property Types: Commercial, Warehouse/Industrial, Retail Dispensary, Residential/Agriculture, Land on Case-By-Case);
  • Loan Types: Purchase, Refinance, Equity Cash out, Bridge Loan, Rehab, and Construction;
  • Additional Guideline: Lender guidelines may vary depending on property type, borrower credit, and property location. Inquire for more details.

Why Choose Diamond Business Loans?

  • Capitalize & streamline your business;
  • Experienced cannabis & hemp lending team;
  • Unique financial solutions;
  • Fast underwriting and funding;
  • Stated to Full doc programs;
  • Competitive rates and fees; and
  • Lots of capital waiting to be invested.

GET STARTED

  • Capital Advisory, Investment Capital, and Private Debt/Equity Options Provided by Infront Advisors
  • No-obligation insurance quotes provided by SkyFront Insurance.

OTHER FUNDING OPTIONS

Diamond BL is a lender for cannabis and hemp commercial real estate loans that offers competitive financing options that are tailored to the needs of cannabis and hemp property owners and business operators.

Diamond BL offers cannabis and hemp business loans and financial products such as term business loans, working capital loans, short-term-loans, purchase order order loans, and revolving lines of credit. 

Diamond BL offers simple equipment loans and leasing options. As a vetted lender in the cannabis and hemp space, we are committed to finding you the best lending rate for your equipment loan.

Diamond BL is a provider of sale-leaseback options for cannabis operators. Sell your property and lease it back to free up capital invested into your real estate. 

Loans made pursuant to Department of Business Oversight California Financing Law License, License 60DBO-4553. “Diamond Business Loans, LLC” and “DiamondBL.com” is a direct lender, syndicate, and brokerage office and may act as the lender, syndicate, or broker for loan requests. “Diamond Business Loans, LLC” and “DiamondBL.com” is NOT “420Property.com”. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. All rates, fees and programs are subject to change and/or withdrawal from the lending practices without notice. Eligibility can vary based on meeting minimum credit score/trade line, documentation, Loan to Value, and occupancy.