TRUST CAPITAL Blog

As an increasing number of medical professionals engage with and endorse the therapeutic properties of cannabis, use of a cannabinoid infused vapor has become increasingly popular. The primary benefit is that such a vapor provides a much smoother experience compared to the harshness of inhaling smoke. For the chronically ill seeking relief from pain and other symptoms, this method is certainly a much better experience.

The truth is that Cannabis oil extraction techniques have been around for many generations, and have been used for the purposes of both pain relief and recreation...

You are a doctor or dentist staring a new practice and looking into purchasing or leasing medical equipment. Or, you may be an established medical practice looking to replace your medical equipment, or acquire more to meet the demands of your growing business.

Everyone’s situation in business is unique and you have got to know and evaluate your options, and do what is right for your business.

The question you need to answer is, “How are you going to acquire the required medical equipment? Should you purchase or should you lease? If you choose to purchase, what financing options are available to you?

Getting equipment leasing in the medical industry is relatively easy compared to other industries. When you are looking to lease laser equipment or get outside funding for any part of your business, you’ll be asked whether your business is medical or non-medical oriented. They will also ask if the company is MD owned or non MD owned.

This question is largely due to non-medical lasers (i.e., aesthetic lasers) coming up as “restricted” for a large majority of equipment lenders.

When it comes to financing your medical practice, there is no one-size-fits-all solution. Almost every medical practice financing company will try to tell you why they’re the best option for you, but they’ll also say the same thing to every person who calls them or clicks on their advertisements. But it’s a little crazy to think that one financier has one solution that fits every situation.

Realistically, your business situation is unique, so it’s important to consider all of the options before jumping into the first offer you get.

Cash flow is the lifeblood of any business. Equipment vendors need to consistently move their inventory to keep their business going. A solid leasing program is the precursor to sales, but the dilemma of 'how will customers pay for equipment?' is bound to arise. Here's when a vendor financing program comes to the rescue and proves invaluable.

You can partner with a financing company to offer leases to customers, a much more flexible option than 30-day payment terms or cash-on-delivery, especially for expensive equipment. What you're essentially doing is helping your customers maintain their own cash flow more easily, and setting the foundation for a long-standing vendor-customer relationship.

Do you need to know How to Qualify for Cannabis Equipment Financing? 

No business can get away without financial struggles of some kind throughout their business lifespan. It can be especially for businesses like yours that are starting out in the cannabis growing industry. Even when states have legalized the production and sale of cannabis, there’s still a lot of work that goes into opening or sustaining your business.

If you haven’t already, you’ll need to find a viable space to operate your business, specialized cannabis grow equipment, cannabis extraction equipment, and a variety of other equipment and resources. As a startup, you’ll need to get financing to help you jumpstart your operation.

According to Forbes, “Medical marijuana sales are projected to grow from $4.7 billion in 2016 to $13.3 billion in 2020.” As research identifies and validates more and more medicinal uses, the sales of medical marijuana will continue to grow at a rapid pace. It is also projected that medical marijuana industry would create more jobs than manufacturing by 2020.

Would you like to find out what it takes to run a successful and profitable medical marijuana business? Do you know what equipment you would need to be successful? Are you ready to find out? Strap your seat belt on!

What are the advantages of a working capital loan?

If you need financing for your company’s everyday operations, a working capital loan is a great choice. Advantages include:

1. A working capital loan will help you eliminate any gap between cash flowing into operations and cash flowing

The process of finding the best equipment financing company for your business needs can be a daunting task, especially if you don’t have a lot of experience within that field. You might be worried that some companies will try and take advantage of you, and your possible lack of

Can I get financed if I’m a start up business?