Looking for lender (ideally SBA) who can lend to a cannabis marketing agency

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by a searcher from Columbia University
in New York, NY, USA

1yr ago

Looking for lender (ideally SBA) who can lend to a cannabis marketing agency

I am looking at an agency who derives 90%+ of revenue from clients in the cannabis industry.

Does anyone know lenders that can get this business eligible with SBA or provide an attractive non-SBA financing?

Thanks,
Youssef

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reply by a searcher 1yr ago
from University of Pennsylvania in New York, NY, USA

Understanding that you want the best interest rate possible, you may want to think abut what interest rate you can live with as you may have to seek financing from non-federal sources.

reply by a searcher 1yr ago
from Columbia University in New York, NY, USA

Hi Randal, loan will probably be in the $3m ballpark. In terms of equity, it will be myself the buyer and the owner would retain equity as well. Curious if you have any recommendations of non-federal sources you can share