Are you an owner of a marijuana dispensary? If you are, you would know that the cost of operations can be extremely high because of the illegal status of marijuana in the past. With a large amount of money being spent on licensing, it might be hard to find investors and funding. Thus, here at CMS Funding, we offer the best small business loans in the country that are easy to pay back and affordable.
About Marijuana Dispensaries
The fact is that marijuana is legal in some states but it is still illegal on a federal level. Therefore, in addition to the funding issues that a typical business might face, a marijuana dispensary has to overcome many financial problems that come from the strict regulations from the government and the legal status of the related products.
Many marijuana dispensaries might have a hard time opening a bank account and are forced to deal with cash. As a result, business owners have no choice but to invest precious money in installing security measures such as CCTV surveillance and fortified windows. This is made worse by the cost of hiring armored vehicles to transport large amounts of cash that is made by the business.
Additionally, marijuana dispensaries that are not related to credit unions have to pay hefty fees. As such, owners of marijuana dispensaries should consider acquiring funding from CMS Funding so that business can stay afloat and profits can be made.
Benefits of Our Working Capital Loans
How can marijuana dispensaries benefit from our small business loans?
- They will be able to receive funds that can help them out with the cost of daily operations, such as paying workers their salaries and even the costs of hydraulic press machines that are needed to make byproducts such as rosin.
- They will be able to pay the bills on time.
- Equipment can be upgraded regularly to increase output.
- Accountants will have an easier time dealing with finances because the bills will be paid on time.
- Marijuana dispensaries can choose to pay back via daily or weekly automated ACH payments from the company’s bank account.
What CMS Funding Offers for Marijuana Dispensaries
Below is a list of our key small business loan features:
- Funding up to $500,000 for working capital loans or $2,000,000 for equipment leases
- Funding available within 24 to 48 hours
- Terms ranging from 6 to 24 months
- Non-obligatory application after consultation
- High approval rate
- No collateral required (unsecured loan)
- Low interest rates
- Simple one-page application
- Quick and easy approval process
- Automatic payments
- Excellent customer service
- … and more!
Get the Funding You Need to Grow Your Business Today
When you work with us here at CMS Funding, you will be able to enjoy funds that are distributed quickly within a matter of days. Rest assured that we are accredited by the NEFA (National Equipment Finance Association). Furthermore, our website is secured with state-of-the-art SSL encryption technology which ensures that all transactions are discrete and safe.
If you have any questions about our small business loans for marijuana dispensaries, do not hesitate to fill out our online working capital application form or call us at (855) 793-8637 to learn more.