What the investors are looking for in this pandemic, and I’ll also put in a note for what the financing companies are looking for as well.
Investors #1 is a dispensary with delivery out the back door #2 is Distro with Retail #3 is heavy asset built projects that are belly up, example being a build-out in little debt and stagnated needing money. #4 Verticals with 6month of operations #5 sustainable cultivation with over 10% profit margins
For financing;
Purchase orders / Inventory - with 3 months banking statements and up to 30% down
Equipment financing - purchase over $250k, low apr, small down based off credit.
Business loan / hard money - 6 months banking, 15-25% interest and 30 - 50% down based off banking and credit reports.
All need insurance ( my expertise ) and underwriting ( filling out apps and showing banking info )
Expect these to coat about a month or two to complete
Hope this helps ya’ll! Just happy to help get more funding in this industry and know you’re the expert, not the money👍
Been there done that lol; pockets are a curious bunch; its easiest to get funding if you have something tangible; dreams and intangible ideas typically dont resonate well with investors. I’m quite familiar with the dance
I do cannabis and hemp insurance and own a few brokerages. This is the info I get in the industry with clientele and meetings I’m involved in. No slanging, just help and per usual the universe provides as the industry grows😎
Steve, I wish you well bud and sorry if I wasn’t clear. I’ve never claimed to be an expert only what I am hearing and seeing from investors and bankers mouths when I also them, if you want to talk underwriting guidelines, we can.
I put in the post my expertise is risk in the industry as I have been advising on this and the financial risk for almost a decade with licenses under my belt. You can take what I have to say with you or not, but don’t feel the need to twist my words or where I’m coming from to a negative light. Just wanna be real and push fact from a credible source. Much love and hope we’re good m8