MERCHANT GROWTH INDUSTRY
Funding for Cannabis Businesses
Grow your business with financing from Merchant Growth!
Financing for Small Businesses in the Cannabis Industry
One of the biggest barriers to growth faced by cannabis companies today is finding access to capital from traditional financial institutions. Unfortunately, the business plan of the average marijuana industry stakeholder often faces the additional challenge of arbitrary constraints imposed by banks and credit unions.
Fortunately, there are alternative lenders, such as Merchant Growth, that support Canada’s cannabis industry. For privately operated online stores or privately licensed physical stores in Canada’s cannabis sector, our financing provides fast access to working capital that you can use right away.
Our financing options, such as a term financing or a business line of credit, are fast and convenient, that allows you make daily or weekly repayments, providing you with predictability and are therefore easier to budget for. With no collateral requirements and no hidden fees, Merchant Growth can help you get financing in as little as 24 hours!
How Can a Cannabis Business Use the Funding?
Cannabis businesses use our financing for a number of different reasons. We have seen clients use the funds for expansion, cash flow, and to purchase more inventory. Currently, there are few lenders willing to finance the cannabis industry. Merchant Growth is here to fill that gap.
The non-collateralized financing that your business can secure from Merchant Growth provides flexibility that you simply cannot get from a bank or credit union. Created to serve a wide variety of business needs, financing from Merchant Growth for your cannabis business can help with:
- Introducing a new product
- Opening another location
- Hiring
- Marketing campaigns
- Store remodeling
- Creating a website
Small business funding minimum requirements
Merchant Growth offers small business funding options with minimum eligibility requirements:
Location
Canada
Monthly Revenue
$ 10K
Time in Business
6 months
How Does It Work?
STEP 1
Complete Application
You can choose to give some details either through the online application or over the phone, and it will only take you 5 minutes.
STEP 2
Review Options
Our team will reach out and work with you to determine the best solution.
STEP 3
Get Funds
Receive your funds in as fast as 24hrs after approval.
Get Started Today
Complete our online application and we’ll contact you to present financing options tailored to your business needs.