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Loan Application

Apply for a Business Loan

No business can succeed without the capital to grow. Whether you’re a fledgling start-up or a thriving business wanting to expand, securing a cannabis business loan is the first step to success.

Apply for a loan from Safe Harbor Financial to take your business to the next level. With personalized financial advice and a wide range of loan options, we’re ready to see your business grow.

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Cannabis Business Loans

We know the difficulties individuals face while working the cannabis industry. Whether you’re working with cannabis/marijuana, hemp, or CBD, there’s a seemingly insurmountable mountain of regulatory and financial challenges to manage.

It’s why Safe Harbor Financial was founded. We not only help existing cannabis business clients, but welcome new cannabis and ancillary businesses across the country. We’re always ready to assist cannabis businesses in building their brand and business model.

We service all types of cannabis businesses:

  • Growers, manufacturers, and CBD extraction
  • Cannabis biotechnology firms
  • Dispensaries and retailers
  • Cannabis associations
  • Service companies
  • Cannabis industry consultants
  • Landlords and ancillary

Commercial property is critical to success in all avenues of the cannabis industry. Growers and manufacturers need premises to store plants and equipment. Dispensaries need retail sites. Even service companies can require office space for administration or distribution.

How to Apply

If you already are a client of Safe Harbor Financial, please submit an application. We will need the following information:

  • All business documents and relevant information
  • Tax ID Number
  • A brief description of the use of funds
  • Business license
  • Type of loan needed
  • Personal credit history
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Our Cannabis Business Loan Benefits

We’re not just one of the only financial institutions offering cannabis business loans, we’re also the best. After years of honing our services, we’ve created a lending program optimized to help cannabis businesses succeed.

  • Processed application within 30 days
    We process all applications as soon as possible so that you can plan your business’s future, but our target turnaround is 30 days. Of course, this depends on submission of documentation and other client assistance to move swiftly through the process.
  • Reasonable interest rates and terms
    We don’t strangle future growth with excessive payments and untenable loan terms which the industry has seen in the past. We want to ensure you have a loan that suits your needs and allows for your success.
  • Same financial institution for your banking
    We manage all the financial aspects of your business; no juggling multiple lenders and banks. It’s our goal to create a “one stop shop” of services to meet your needs and keep you on a path to success. Safe Harbor’s proven process has provided our clients with reliable banking solutions for the last 7 years.
  • Reliable regulatory compliance
    All our loans, just like our depository services, are compliant with federal- and state-level regulations. We have successfully completed 16 state and federal regulatory examinations to ensure your continuity of banking services.

Factors Affecting Cannabis Business Loan Success

When processing every application we receive, we will conduct a full credit history and background check before granting loans. Our criteria for granting loans:

cannabis business loan

  • Good personal credit history
    A solid FICO score is a good place to start! We may consider lower credit scores alongside a co-signer in certain situations.
  • Timely payments
    Recent history should indicate responsible and reliable financial behavior.
  • Ability to repay
    Cannabis loans contain additional risk due to the Federal illegal status of cannabis, so it is important to prove your company’s ability to repay in a timely manner. We’ll work with you to analyze your cash flow and other financial statements to create an attainable plan.
  • No history of bankruptcy in prior ten years
    A prior bankruptcy within the past ten years makes the loan process more challenging and may impact your ability to be approved.

We welcome all applications for commercial property loans. Moreover, we may wish to inspect the property and conduct a face-to-face interview prior to granting the loan. We understand that timing is critical to meet your growing demand or to kickstart your business. We will try to process all loan applications in a timely and efficient manner.

Frequently Asked Questions

Have a question about our loan applications? Contact us or take a look at our frequently asked questions below.

What Is a Cannabis Business Loan? +

Cannabis business loans are specifically tailored to the needs of the cannabis industry. Like traditional loans, they provide a cash injection into your business.

At Safe Harbor Financial, our loans are exclusively available for commercial real estate with additional options depending on where you are in your business cycle.

How long will it take to get a loan? +

Our goal is to turn around the process inside of 30 days. However, this is dependent upon a concerted effort between your company and underwriting to stay on a process created to meet that target to include submission of required paperwork, site inspections, environmental reviews, and other factors depending on the type of loan.

How do I apply for a loan? +
  1. Fill out the online application
  2. Let your banker know you are applying so they can help monitor the process with you (existing clients)
  3. Conduct an interview with our lending staff
  4. Submit documentation as requested to ensure sufficient data for our staff to create a term sheet for your consideration
What types of businesses will you consider for a loan? +

We will consider all types of operators in the cannabis industry to include licensed operators and ancillary service providers:

  • Medicinal & Retail Marijuana Dispensary
  • Medicinal & Retail Marijuana Cultivation
  • Medicinal & Retail Marijuana Product Manufacturer
  • Medicinal & Retail Marijuana Testing Facility
  • Medicinal & Retail Marijuana Transporter
  • Medicinal & Retail Marijuana Operator
  • Ancillary Services and Product Providers to the industry
Can I acquire a loan from any bank or financial institution? +

No. Due to the illegality at the federal level, all major banks and financial institutions face penalization if found to be associating with cannabis-related businesses. Therefore, almost all cannabis business loans are granted by smaller financial institutions like Safe Harbor Financial.

However, the upside is that we are dedicated and experienced in the cannabis industry, providing unparalleled insights and advice you won’t find anywhere else.

Can I use the loan for working capital or equipment financing? +

This depends on the company, where you are in your business cycle, ability to expand and repay. This will be considered early in the process so you can determine the best use of cash. Deals are structured to ensure successful repayment ability at terms that work for each individual client.

Contact us today to schedule a consultation.

Loan Application