Do You Need Cannabis Equipment Financing?

What is Cannabis Equipment Financing?

You can finance up to 100% of the new or used equipment you require for your business with cannabis equipment financing. One quick and simple option to fund the purchase of ALL sorts of cannabis equipment is to apply for an equipment loan. Upwise can provide financing for new farming equipment, processing equipment, 

Leverage equity in your owned Equipment

You can utilise the equity in your current equipment or brand new equipment as security for a secured loan against your equipment.

Who Qualifies for Cannabis Equipment Financing?

It turns out that most firms, even start-up businesses, can be eligible for loans for cannabis equipment financing. The industry, good credit history, current trade lines, debt coverage service ratio, and the equipment quotes offered by the business owner are all taken into consideration when approving equipment financing.

The worth of that equipment, the financial history of your company, and your credit ratings all affect how much you qualify for and what interest rate you'll pay.

cannabis or CBD Since the equipment serves as collateral, equipment financing can also be an excellent choice if your credit is less than ideal. Additionally, you can use your already-owned equipment as collateral to obtain a loan.

Financing Cannabis Equipment Made Simple