Getting dispensary financing should never be difficult. After all, you are either looking to get your business off the ground or hoping to take it to the next level. Here at Bespoke Financial, we offer the best when it comes to cannabis dispensary financing, funding, and loan options for our customers.
We Are Funding The Future Of Cannabis
If you wonder how to get a loan to open a dispensary, you have come to the right place. We got our start back in 2018, and we have been working since that time to bring our many years of experience to all of our clients. We are well-versed in the cannabis industry, and we have the working capital our clients need to start, scale, or grow their businesses. Let’s talk with you about a dispensaries business loan today!
Where Can I Get A Dispensary Business Loan?
Here at Bespoke Financial, we offer flexible financing fast along with tech-focused solutions. Our passion is to work on funding the bright future of cannabis, which is why we offer each access to capital for everyone that we partner with.
You may not realize it yet, but thinking outside the box is vital for breaking down all financial obstacles in your way. We want you to concentrate on growing your business, so we take the hassle out of the lending process. Our job is to enable you and empower your business with an influx of capital so that you can reach or exceed your goals.
How Do Business Loans For Dispensaries Work?
While it might be nice to think you can walk into your traditional credit union or bank and get dispensary financing – think again. All traditional institutions have been regulated by the government, meaning that all transactions connected to the cannabis industry are still illegal. Even if cannabis is legal in your state, you still may run into many roadblocks when trying to get the financing that you need.
A dispensary can get the help they need when waiting for the payment they need on open invoices with invoice financing. It is normal for a bit of a cash flow lag when you wait anywhere from 30 to 90 days to get the payment you need on an open invoice. With this type of financing, you will only get tagged with interest as you use the funds. You can also borrow for up to 90 days, and the fees will be roughly 2.5 to 3.5% of your invoice amount, which will be assessed every 30 days.
Do you have more questions about all of your options for dispensary financing? We would love to talk with you here at Bespoke Financial! As one of the first major lending teams for the cannabis industry, we have all of the experience and knowledge you want on your side as you navigate the world with your new dispensary. Get in touch with us by calling (323) 508-1280, and we can go over the details of financing and learn more about your cannabis business, your goals, and your needs.