Medical Marijuana Business Loans | Dispensary Cash Advance
Is your medical marijuana dispensary in need of a business loan to expand or purchase equipment? Do you need working capital for cash flow? The Transaction Group (TTG) and our lending partners are here to help.
Since 2004, TTG has been assisting businesses with financial services, including credit card processing for the medical marijuana industry. We have been advocates for the medicinal marijuana industry for a long time and believe that all legally operating businesses should be treated fairly.
MMJ Cash Advance Loan Funding
We understand the challenges dispensaries face with seemingly simple undertakings such as opening a business checking account. At the current time, a dispensary being approved for a business loan from a bank is very unlikely.
We have a different solution with our cash advance business loans for mmj collectives and dispensaries. And this cash advance loan program has advantages that traditional business loans do not.
Cash advance loan funding is based on a dispensary’s monthly sales volume. There is not a set payment schedule, making the repayment terms extremely flexible.
Unlike loans from banks and lenders that have very strict guidelines, medical marijuana collective or dispensary owners may use the financing for whatever purpose they choose.
MMJ Cash Advance Financing Requirements
Are you worried you’re not eligible for a cash advance business loan due to bad credit? That’s not a problem.
In order to qualify for medical marijuana business funding, dispensaries must have been in business for at least 6 months, have greater than $10K in monthly revenue, and have a credit score above 480.
MMJ Merchant Services
Do you also need a credit card processing solution for your mmj dispensary? We have a solution in place that allows dispensaries to accept credit cards from customers and it costs very little.
To learn more about our cash advance loans or merchant services solutions, call us today at 800-461-0295. Or send an email to firstname.lastname@example.org.