Harvest The Power of Cannabis Working Capital
- Showing revenue? Access flexible working capital funds to grow your business.
- Finance short-term business expenses, like rent, payroll and inventory.
- A popular business expansion tool, simple funding process, and easiest to qualify for.
Take advantage of an 85% approval rate - act now!
What is Cannabis Working Capital?
Cannabis working capital funds, or merchant revenue advance are not a loan. With this product, you are advanced cash in exchange for a percentage of your daily credit card and debit card sales, or your monthly revenue. Working Capital can be a quick and easy way to get a Cannabis-related business (CRB) or Marijuana-Related Business (MRB) a cash advance with no need for collateral, even if you don’t have a good credit score.
Cannabis Working Capital Details
1.10 - 1.36
3 - 24 Months
As Fast As Same Day
$5K - $10M
Working Capital Pros vs Cons
PROS
Weekly & Monthly Payments
Minimal Paperwork & Easy Approval Process
Save on Interest with Prepayment Discounts
CONS
Higher Rates for Lower Credit Scores
Can Require Collateral or Personal Guarantee
Annual Costs can be Higher than Longer Term Loans
How does a Working Capital Financing work?
Cannabis or CBD working capital financing is a versatile tool that can help Cannabis Related Business (CRB) operators navigate the unique challenges they face. Much like a Swiss Army Knife, this type of financing is adaptable and can be used to address various needs. Whether you’re dealing with unexpected expenses, looking to upgrade your equipment, financing a short-term project, or seizing a new business opportunity, working capital can provide the necessary funds without requiring collateral.
The process is straightforward: you are advanced a lump sum of money for a short term, usually less than 2 years, and for a fee, known as the factor rate. Remittance is made through a series of installments, which can be scheduled daily, weekly, bi-weekly, or monthly, depending on your cash flow and preferences. One of the advantages of this type of funding is that once you’ve paid back 50% of the advance amount, you become eligible to receive additional funds, giving you the flexibility to continually invest in your business as opportunities arise.
Who Qualifies for Cannabis Working Capital?
Would your Cannabis-Related Business (CRB) or Marijuana-Related Business (MRB) be eligible for a cannabis cash advance?
If you have little or no collateral, a limited business history, or a low credit rating, merchant cash advances could be the best financing solution for most businesses facing financing needs.
Many merchant cash advance providers tend to have easy eligibility standards, however when it comes to a cannabis business – not all accept this industry because it’s still illegal at the federal level. But with Upwise Capital, most Cannabis businesses shouldn’t have a problem qualifying.
Plus…
For cannabis businesses that make a big portion of their revenue through credit card payments—if you own a dispensary or product, for example—then you can use a merchant advance as a short-term financing tool. It can help with working capital, inventory, build-outs, purchases, cannabis equipment, debt payments, unexpected payments, and more.
Cannabis Business Advance Requirements
positive payments
over 600+
over $200K
6+ Months
* Note: These cannabis working capital requirements are based on previous Upwise customers and is just an average.
Open the Door to Financial Freedom: Access a Business Line of Credit.
What truly set Mike apart was his honesty. He reviewed multiple lender options with me in a fair, transparent way, walking me through the pros and cons of each and helping me understand every angle. He encouraged me to move forward only with what felt right for my business, never once making me feel pressured to choose him or Upwise. That level of professionalism is rare.
Mike also worked hard to build genuine personal rapport — something no other representative I spoke with did. He took the time to understand my business, explored different paths, and made sure I felt confident and comfortable throughout the decision-making process.
The follow-up from Mike and every member of his team has been above and beyond anything I’ve experienced with other lenders. Every interaction feels thoughtful, client-focused, supportive and most important- genuine. I’m incredibly grateful for the experience and would confidently recommend Mike to anyone looking for a knowledgeable, ethical, and truly client-first lending partner.
Update: Leo contacted me, and after basically insulting me concerning their prior behavior, I decided to let them run my application. After being ghosted for the day, they finally came back and denied due to another loan my business was involved in. These people get their feelings hurt way to easy to be in this business. I would not recommend this company to anyone.
Upwise
What does Cannabis Working Capital funds cost?
When considering the cost of a cannabis working capital product, it’s crucial to focus on the long-term benefits and growth opportunities it provides for your business. While the factor rate of a merchant cash advance may seem higher than traditional loans, the advantages it offers can far outweigh the costs.
Let’s take a closer look at an example: if you’re advanced $20,000 with a factor rate of 1.18, you’ll need to remit $23,600 through your daily credit card transactions. Although the cost may be higher than expected, the flexibility and convenience of this financing option can be a game-changer for your cannabis business.
One of the key benefits of a merchant cash advance is that it allows you to repay the loan based on your sales volume. This adaptability is especially valuable in the dynamic cannabis industry, where market conditions can fluctuate.
Moreover, merchant cash advances are unsecured, meaning you don’t have to put your valuable assets, such as your home or other financial resources, at risk. This peace of mind can be invaluable as you focus on growing your business.
Another significant advantage is the speed at which you can access funds. If you need cash quickly to seize a lucrative opportunity or overcome an unexpected challenge, a merchant cash advance can often be approved within a day or so, providing you with the agility needed to thrive in the fast-paced cannabis industry.
Ultimately, the cost of cannabis working capital funding should be weighed against the potential for growth and success it can bring to your business. By carefully evaluating your financials and considering the unique benefits of this financing option, you can make an informed decision that positions your cannabis venture for long-term prosperity. Don’t let the cost deter you from exploring this powerful tool – apply today and unlock the full potential of your business!
Apply for Non-Dilutive Working Capital Now
- Pursue new opportunities, upgrade operations, support inventory or boost marketing efforts.
- Apply today to unlock working capital that supports your goals without restrictions
- Close the cash flow gap within your cannabis company or bridge the financing divide between your short-term and long-term goals.
Stay ahead of the curve - get access today!
Documents You'll Need to Apply
Driver’s License
Voided Business Check
Business Bank Statements (Last 4 Months)
Credit Score
You may also be requested to provide the following for larger dollar amounts over $100K:
Balance Sheet
Profit & Loss Statements
Business Tax Returns
Personal Tax Returns
As the cannabis industry continues to evolve alongside changing state laws permitting medical or recreational use, marijuana businesses face unique challenges securing funding from traditional sources due to federal prohibition and concerns around cash-related businesses. At Upwise, we understand the specialized needs of the cannabis market and are pioneering new financing solutions to fuel your growth. Our cannabis loans, like non-dilutive working capital and equipment financing, provide the capital needed to purchase new equipment, upgrade facilities, enter new markets, or cover bridge loans while awaiting licensing approval.
Credit unions and private investors partner with us to conduct rigorous due diligence on each client’s cannabis products, business plan, and real estate loans before approving competitive funding for expansions, inventory, and other core operational expenses. Whether you cultivate, process or distribute medical marijuana, CBD products or recreational cannabis, we are committed to working with equipment manufacturers and the industry to ensure cannabis entrepreneurs have access to compliant business funding and purchasing power. Contact us to learn how our specialized marijuana business loans can help scale your operations and provide the financial freedom to realize your full potential in this evolving industry.
Uses for a Cannabis Merchant Cash Advance
- Purchase inventory: Stock up on high-quality cannabis products, including flower, edibles, concentrates, and accessories to meet customer demand and expand your offerings.
- Upgrade equipment: Invest in state-of-the-art cultivation, processing, or manufacturing equipment to improve efficiency, quality, and output.
- Expand facilities: Acquire additional space or renovate existing facilities to increase production capacity, improve customer experience, or comply with regulatory requirements.
- Marketing and advertising: Launch targeted marketing campaigns to attract new customers, build brand awareness, and differentiate your business in a competitive market.
- Hire and train staff: Recruit and train top talent to ensure exceptional customer service, compliance with regulations, and smooth business operations.
- License and permit fees: Cover the costs of obtaining or renewing necessary licenses and permits required to operate a cannabis business legally.
- Technology and software: Implement advanced POS systems, inventory management software, or security technology to streamline processes, enhance data analytics, and protect your business.Â
Benefits of a Cannabis Advance
Fast access to funds: A cannabis advance provides quick access to working capital, often within days of applying, allowing you to seize opportunities, address urgent needs, and maintain a competitive edge in the fast-paced cannabis industry.
Flexible repayment terms: With a cannabis advance, repayment is tied to your daily credit card sales, meaning you’ll pay less during slower periods and more during times of higher revenue. This adaptable structure helps you maintain a healthy cash flow and navigate the fluctuations of the market with greater ease.
Unsecured financing: Unlike traditional loans, a cannabis advance doesn’t require collateral, such as real estate or equipment, to secure the funds. This means you can access the capital you need without putting your valuable assets at risk, providing peace of mind and allowing you to focus on growing your business.
Industry-specific expertise: When you choose a cannabis advance, you’re partnering with a lender who understands the unique challenges and opportunities of the cannabis industry. This specialized knowledge allows them to provide tailored financial solutions, strategic guidance, and support to help you navigate the complexities of the market and achieve your business goals.
Cannabis Working Capital
Why Choose a Cannabis Cash Advance?
When it comes to funding your cannabis business, a merchant cash advance offers several compelling advantages that make it an attractive choice for entrepreneurs in this rapidly evolving industry. One of the primary reasons to choose a cannabis cash advance is the speed and simplicity of the application process. Unlike traditional loans, which often involve lengthy paperwork and strict requirements, a cash advance can be approved quickly, sometimes within a matter of days. This allows you to access the funds you need to seize opportunities or address urgent expenses without delay.
Fuel Your Business Growth with Our Cannabis Financing Solutions
As the cannabis industry continues to flourish, with more states legalizing medical and recreational use, marijuana businesses face distinct obstacles when it comes to securing funding from traditional lenders. Federal prohibition and the cash-intensive nature of the industry have made it challenging for cannabis entrepreneurs to access the capital they need to grow and thrive. However, at Upwise, we recognize the unique financing needs of the cannabis market and are at the forefront of developing innovative solutions tailored to help you succeed.
Our cannabis loans, including revolving lines of credit and equipment financing, provide the necessary funds to purchase state-of-the-art equipment, upgrade facilities, expand into new markets, or cover bridge loans while navigating the licensing process. We collaborate with credit unions and private investors who conduct thorough due diligence on each client’s cannabis products, business plan, and real estate loans before approving competitive funding for expansions, inventory, and other essential operational expenses.
Whether you are a cultivator, processor, or distributor of medical marijuana, CBD products, or recreational cannabis, Upwise is dedicated to working closely with equipment manufacturers and industry stakeholders to ensure you have access to compliant business funding and purchasing power. Our team of experts understands the complexities of the cannabis industry and is committed to providing you with the financial tools and support needed to scale your operations and achieve your goals.
Don’t let a lack of funding hold you back from realizing your full potential in this rapidly evolving industry. Contact Upwise today to learn more about how our specialized marijuana business loans, cannabis working capital, and CBD financing options can help you overcome financial barriers and unlock new opportunities for growth. With our support, you can focus on what matters most – building a successful and sustainable cannabis business that makes a positive impact on your community and the industry as a whole.
Why Upwise for Cannabis Working Capital Funds
Quick & easy application
Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.
Ensure you make the wise choice
Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.
Access multiple financing options
Upwise has an extensive product suite and a network of 100+ lenders. This means you're more likely to find the best match for your funding needs.
