Cannabis Financing Marketplace

Nationwide Mtg Brokers is 100% committed to serving our Cannabis & CBD clients the best cannabis financing and payment solutions for their company.  We would like to take part in shaping this young industry by providing both funding and development to the companies with the vision to be the future of the legal cannabis industry in the cannabis industry, finding a good cannabis financing option is no easy task. While many canna business owners in the cannabis industry have found workarounds, there is still a lot of confusion about staying compliant.  We know you have questions and we have answers.

States continue to pass new laws regulating the use and cultivation of cannabis.  Each new law passed creates new opportunities for getting your business financing.  We help farmers, cultivators, extractors, processors, trimmers, packagers, labs and more.

What is Cannabis Financing?

Cannabis finance is a loan specifically intended for Cannabis, CBD & Hemp related business purposes. Cannabis financing gives you the needed capital to pay for inventory, equipment, hiring new employees, overhead, build-outs, real estate purchases and more.  Also, these loans depending on the lender allow for flexible payments that can include daily, weekly, bi-weekly and monthly payback options. 

Cannabis Financing: How It Can Help You

It's easy The financial side of running a cannabis business can be one of the most difficult tasks.  The decision to take on debt or give away equity in your business to accomplish your financing goals is a tough one.  Whether you’re a brick and mortar store or an e-commerce seller, we understand that cannabis businesses need support.  It might seem overwhelming to navigate the cannabis financing marketplace. That’s where Nationwide Mtg Brokers come in and  help the cannabis business grow and prosper and  getting the financing they need . Our loans for cannabis companies can help.  

Open a New Location or Upgrade Your Equipment

If you are a cannabis operator looking to remodel your dispensary or open a new location, then a cannabis loan can be used to finance your renovation project.  Additionally, if you need a business loan for cannabis equipment, see our financing and leasing options.

Capitalize On The Ever Expanding Cannabis Industry

We know how critical it can be to get the cannabis financing your business needs, and when you need it.  Often equipment is needed as well to expand business prospects and to capitalize on market opportunities.  We have cannabis equipment manufacturer relationships that offer discounts and can save you thousands on equipment costs.

What Can Cannabis Business Loans be used for?

Facility Construction

  • Importantly, your operating facility needs to be state of the art and meet all necessary regulations

  • Cannabis construction financing can be taken advantage of to build out your facility, whether it be for growing, manufacturing or dispensary.

Open A New Dispensary Location

  • You can use cannabis financing to buy new cannabis equipment, fixtures and displays

  • Use equipment leasing and financing to purchase all types of retail equipment to improve customer experience

Hire More Staff

  • With cannabis financing, you can address the need for hiring more staff during expansion or busy times of the year

  • Apart from financing hiring, you may also use funds from a cannabis loan for training costs and payroll to keep your employees happy

Finance Cannabis Equipment

  • You can use cannabis financing to buy new cannabis equipment, fixtures and displays

  • Use equipment leasing and financing to purchase all types of cannabis equipment to improve your operation

Manage Cash Flow

  • Maintain your capital cash flow to manage expenses when experiencing unforeseen cannabis issues

  • Utilize a non-dilutive working capital loan for almost any use, and don’t give up any equity in your company

Marketing & Advertising

  • Use a cannabis loan to advertise and grow your customer base or promote a new store location

  • Build or optimize your website, add new signage, or place a magazine or newspaper ad to generate new customers

Non-Dilutive Working Capital CANNABIS Loan

THE FAST & EASY OPTION Upwise offers both secured and unsecured working capital solutions for the Cannabis, Hemp and CBD industries. Every loan we provide is unique and custom-tailored to the specific needs of the individual business. Working capital can be used for various purposes such as, launching a new product, securing a new location or improving a facilite

 

Amount: Up to 10 Million Loan Term: 3 to 18 Months Factor Rate: 1.10-1.36 Speed: As Fast As Same Day

Working Capital Documents Needed 

Application (E-Sign Application) • 6 Months of Most Recent Business Bank Statements • Month to Date (MTD) Bank Statement • 2021 Profit & Loss and Balance Sheet

Equipment Financing. LEASE OR PURCHASE

 

EQUIPMENT Loan Amount: Up to 100% of Equipment Value Loan Term: 1-10 Years (Typically 3-5 Years) Interest Rate: As Low As 9.59% (Typically 15%-18%) Speed: As Fast As 2 Days to Issue Term Sheet

Equipment Financing Documents Needed 

Application (E-Sign Application) • Debt Schedule • Last 6 Months of Business Bank Statements • YTD P & L and Balance Sheet • Applicable State Cannabis Licenses, operating agreement, borrowing entity, articles of incorporation, list of all unencumbered assets • Personal Financial Statement for each sponsor with 20% or more • Driver’s License of Owner (Front & Back) • Equipment Quote or Invoice • Five Year Proforma P & L in excel format • Name of Borrower entity, corporate structure, operating agreement, cannabis licenses, deck, business plan, capital stack (showing equity raised), etc. • Name(s) and experience (bio) of key Sponsor(s) – include executive summary and cannabis experience

Construction Financing

REQUIRES 1st LIEN POSITION ON THE PROPERTY Loan Amount: Up to $500 Million+ Loan Term: 18 Months – 3 Years Interest Rate: 11-14% for stabilized assets/15-16% for value add Speed: 2 weeks – 45 days Loan to Value: 65%-70% LTV or LTC based on As-Completed Cannabis Value

Construction Documents Needed

 

Application (E-Sign Application) • Detailed soft cost budget, reflecting all soft costs required to build the project, including architect fees, tap/impact fees, permit costs, taxes during construction, etc. • Detailed hard cost budget, inclusive of land purchase, costs related to site improvements, structures, contractor general conditions, contractor overhead, contractor fee, etc. • YTD P & L and Balance Sheet, Five Year Proforma P & L, Annual only in Excel format, Last 2 Year of personal & business tax returns • Anticipated construction period and monthly draw schedule, Equipment quotes and contractor quotes • 6 color photos of the site area from all sides, BPO, Appraisal, or Third-Party Reports -- Evidence of site control (i.e. purchase contract) • Name of Borrower entity, corporate structure, operating agreement, cannabis licenses, deck, business plan, etc. • Name(s) and experience (bio) of key Sponsor(s) • PFS of each Sponsor with 20% ownership or more

Real Estate Financing

 

ADD AN ASSET TO YOUR LOAN FOR BETTER TERMS A Cannabis Real Estate loan is secured by assets instead of emphasizing cash flow, which is typically real estate or whatever assets a business has on its balance sheet. Upwise will use collateral which can be quickly and easily liquidated. Assets can also be accounts receivables, equipment, land, crop, purchase orders, inventory & more. Loan Amount: Up to $500 Million+ (Based on Cannabis Value) Loan Term: 1-25 Years (Typically 2-5 Years) Interest Rate: 8-16% Speed: As Fast As 2 Weeks Loan to Value: 65%-70% LTV or LTC based on As-Completed Cannabis Value

Real Estate Documents Needed

 

Completed 1003 Application • Debt Schedule, Real Estate Schedule, Rent Roll • 2 Years of Business Tax Returns • YTD P & L and Balance Sheet – if applicable • Capital Stack/ Cap Table / Corporate Structure / Cannabis Licenses • Five Year Proforma P & L, Annual only in Excel format • 6 Months of Business Bank Statements – All Accounts • Personal Financial Statement for all owners and credit scores • Appraisal, BPO, or 6 photos of the property, Evidence of site control, property survey, Environmental Reports, any third-party reports • Executive Summary & Transaction Summary – Please include: • The transaction – purpose, loan amount, term, LTV, preferred closing date, drop-dead dates, other significant issues. • The property – location, type, size in square feet, units, % occupancy, year built, land size in acres, quality/condition, year originally purchased and for how much, all significant issues. • The borrowers – bio, background, experience, purpose of funds & Exit Strategy

Purchase Order Financing

 

FULFILL YOUR ORDERS + FREE UP CASH FLOW Loan Amount: Up to $10 Million LTV: 75-100% of the Purchase Order Speed: As Fast As 2 Weeks Cost: 1.5% to 3% Per Month Cannabis Purchase Order financing is great for when you need to pay expenses before you can fulfill a certain order. Purchase order or Invoice Financing allows you to free up cash to pay vendors or expenses, before receiving payment from your customers.

Loan Amount: Up to $10 Million LTV: 75-100% of the Purchase Order Speed: As Fast As 2 Weeks Cost: 1.5% to 3% Per Month

Documents Needed

 

Application (E-Sign Application) • Last 6 Months of Business Bank Statements • YTD P & L and Balance Sheet • 3 Most Recent Quarterly Income Statement • 3 Most Recent Quarterly A/R Detailed Aging Report • 3 Most Recent Quarterly A/P Aging Summary Report • 3 Most Recent Quarterly Metric “Transfer Report” • Federal Tax Filings • 2 Most Recent Quarters of Cannabis Tax Receipts for payments made to CDTFA • Copies of all insurance policies held (general liability, product, workman’s comp, etc.) • List of all potential Guarantor's or Personal Guarantees from management

Inventory Financing.

 

NEVER MISS A SALE OPPORTUNITY Target Amount: $200K - $10 Million Terms: Up to 120 Day Terms Advance Rate: 100% to the Clients Vendor Speed: As Fast As 2 Weeks Cost: Principal Amount plus Financing Fees Increase your purchasing power and sales ability by purchasing larger quantities of inventory at lower prices, improving your cost of goods and bottom line. Upwise will pay your vendors directly so you can receive COD “cash on demand.

Inventory Financing Documents Needed

 

Application (E-Sign Application) • Last 6 Months of Business Bank Statements • YTD P & L and Balance Sheet • 3 Most Recent Quarterly Income Statement • 3 Most Recent Quarterly A/R Detailed Aging Report • 3 Most Recent Quarterly A/P Aging Summary Report • 3 Most Recent Quarterly Metric “Transfer Report” • Federal Tax Filings • 2 Most Recent Quarters of Cannabis Tax Receipts for payments made to CDTFA • Copies of all insurance policies held (general liability, product, workman’s comp, etc.) • List of all potential Guarantor's or Personal Guarantees from management

Sale & Leasebacks

 

CANNABIS Target Amount: Up to $150 Million Lease Term: 10 to 30 years Initial Base Rent: 8 to 16% on total investment Speed: 30 to 60 Days NNN Lease based on lease rates and comps UTILIZE YOUR ASSETS TO GROW Upwise acquires freestanding commercial and retail properties and unencumbered equipment from licensed cannabis operators. The properties or equipment can be leased back to the business for operational costs. We focus on well capitalized operators with a successful track record. (Greenhouse, Indoor Facilities, Equipment & Cultivations)

Sale & Leasebacks Documents Needed

 

CANNABIS • Completed 1003 Application • Debt Schedule, Real Estate Schedule, Rent Roll • 2 Years of Business Tax Returns • YTD P & L and Balance Sheet – if applicable • Capital Stack/ Cap Table / Corporate Structure / Cannabis Licenses • Five Year Proforma P & L, Annual only in Excel format • 6 Months of Business Bank Statements – All Accounts • Personal Financial Statement for all owners and credit scores • Appraisal, BPO, or 6 photos of the property, Evidence of site control, property survey, Environmental Reports, any third-party reports • Executive Summary & Transaction Summary – Please include: • The transaction – purpose, loan amount, term, LTV, preferred closing date, drop-dead dates, other significant issues. • The property – location, type, size in square feet, units, % occupancy, year built, land size in acres, quality/condition, year originally purchased and for how much, all significant issues. • The borrowers – bio, background, experience, purpose of funds & Exit Strategy

Acquisition Loans

 

PURCHASE A NEW OR EXISTING BUSINESS A Cannabis Acquisition Loan allows you to buy an existing and profitable business. You can buy out an existing partner or purchase a well-established business. For this type of loan, it's best to be purchasing a thriving company, that will be easy to prove low risk to the lender. Target Amount: Up to 50 Million Lease Term: 10 to 20 years Initial Base Rent: 10 to 16% on total investment Speed: 30 to 60 Days

Acquisition Loan Documents Needed

 

 

Completed 1003 Application • Debt Schedule, Real Estate Schedule, Rent Roll • 2 Years of Business Tax Returns • YTD P & L and Balance Sheet – if applicable • Capital Stack/ Cap Table / Corporate Structure / Cannabis Licenses • Five Year Proforma P & L, Annual only in Excel format • 6 Months of Business Bank Statements – All Accounts • Personal Financial Statement for all owners and credit scores • Appraisal, BPO, or 6 photos of the property, Evidence of site control, property survey, Environmental Reports, any third-party reports • Executive Summary & Transaction Summary – Please include: • The transaction – purpose, loan amount, term, LTV, preferred closing date, drop-dead dates, other significant issues. • The property – location, type, size in square feet, units, % occupancy, year built, land size in acres, quality/condition, year originally purchased and for how much, all significant issues. • The borrowers – bio, background, experience, purpose of funds & Exit  Strategy

CANNABIS LOAN
APPLICATION