Cannabis
Business Loans to help you grow
Our goal is to empower cannabis companies to scale with our simple and flexible financing solutions.
- Pay your bills faster
- Purchase more inventory
- Scale your business
Tired of chasing down outstanding receivables?
Unleash your growth
with cannabis business funding
Clear Skies Capital® is proud to offer Cannabis Business Loans to help our clients grow
Easy Application Process
Flexible Repayment
Customized repayment plans to meet your needs.
Quick Funding
of approval!
Why work with Clear Skies Capital®?
Working Capital
- Access to capital without giving up equity
- Maintain high ledgers with capital reserves
- Flexible funding avaialble
Vendor Financing
- Purchasing power for operational needs
- Improve cash flow
- Bridge the gap between payables and receivables
- Accelerate revenue cycles
Equipment Financing
- 24 month terms
- Bi-weekly repayment schedule
- Working capital available for operational costs
Sectors We’ve Helped
- Dispensaries
- Cultivators
- Delivery
- Manufactures
- Ancillary
- Distribution
- Home Producers
- Testing Labs
Easy Qualification
- 6 Months in Business
- 550 FICO Equifax
- $20,000 Monthly Gross Revenue
Benefits for your Cannabis Business
Cannabis business funding offers a multitude of advantages for businesses of all sizes.
01
Preserve Working Capital
Unlike traditional loans or upfront equipment purchases, cannabis business funding doesn’t drain your working capital reserves. You can invest in growth initiatives without compromising your ability to cover day-to-day operational expenses.
02
Reduce Risk & Stress
03
Improved Cashflow Management
Cannabis business funding provides the flexibility to allocate your cash flow strategically. Invest in areas that will generate the highest return, knowing your financing partner is there to support your growth journey along the way.
What makes our Cannabis Business Loans better?
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|
Clear Skies Capital® Cannabis Funding
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Traditional(LOC)
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Traditional(Loan)
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SBA 7(a) Loan
|
|---|---|---|---|---|
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Processing Time
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24-72 Hours
|
45+ Days
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45+ Days
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45+ Days
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Requirements
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||||
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Business Type
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All Types
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Businesses with operating history (typically more than a year) and revenue
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Businesses with operating history (typically more than a year) and revenue
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Small Business as defined by the SBA
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|
Location
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Operating Business in the United States
|
Varies
|
Varies
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US Only
|
|
Business Plan
|
No
|
Yes
|
Yes
|
Yes
|
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Profitable
|
Varies
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Varies
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Varies
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Yes
|
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Cash Flow
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< 4 days of negative balances
|
Varies
|
Varies
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Varies
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Outstanding Debt/Credit
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Credit-worthiness of business assures repayment of loan (FICO + Various measurements)
|
Credit-worthiness of business assures repayment of loan
+ Excellent personal credit |
Credit-worthiness of business assures repayment of loan
+ Excellent personal credit |
Credit-worthiness of business assures repayment of loan
+ No delinquent debt to U.S. government +660+ FICO |
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Collateral
|
No
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Yes
|
Yes
|
Yes
|
|
Money Down
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No
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Yes
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Yes
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Yes
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Terms
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||||
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Loan Amount
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Up to $10million
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Typically, 60% to 80% of collateral’s assessed value
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Typically, 60% to 80% of collateral’s assessed value
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Up to $5 million
|
|
Interest
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Fixed interest rate with flexible payment terms
|
Fixed and variable rate loans, based on qualifications and prime rate
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Fixed and variable rate loans, based on qualifications and prime rate
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Fixed and variable rate loans, subject to SBA maximums pegged to the prime rate
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Repayment Terms
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Fixed or variable monthly payments, which can be based on monthly revenue or cash flow
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Monthly payments of principal and interest from the cash flow of the business
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Monthly payments of principal and interest from the cash flow of the business
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Monthly payments of principal and interest from the cash flow of the business
|
|
Maturity Terms
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Up to 12 months
|
Varies, short- and long-term loans
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Varies, short- and long-term loans
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Up to 10 years for working capital
|
|
Out of pocket fees
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No
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Yes
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Yes
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Yes
|
|
Prepayment Penalty
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No
|
Varies
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Varies
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Yes
|
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Use of funds restrictions
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No
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Yes
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Yes
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Yes
|
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Covenants
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No
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No
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No
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Yes
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Hear from our happy clients!
Mildred Van Slyke
KC Lee
Tracy Shur
Jared Fischer
Alex
Matthew Herrera
At Clear Skies Capital®, our values are the cornerstone of our commitment to customer service.
Consultative Approach
Clear Skies Capital stands out from other lenders by providing personalized solutions for your working capital needs. We thoroughly analyze your financial situation to recommend the loan that best fits your business requirements.
Long-Term Partnership
Our commitment to customer satisfaction is reflected in our high retention rate and our 5.0 rating on Google. We’re not just in it for the short term—we strive to be a trustworthy and dependable partner to provide the working capital you need to thrive.
Broad Eligibility
We are committed to helping businesses of all credit backgrounds with straightforward eligibility requirements, requiring only a minimum of $150,000 in annual gross sales and at least six months of business history.
FAQ's
No, you will not need to give up equity. All of our cannabis products are non-dillutive.
Here are the minimum requirements:
- Six months or more time in business
- Credit score of 550+
- Average monthly revenue of $20,000+ ($240,000+ in annual revenue).
A signed funding application and 4 months of business bank statements.
We start with a soft pull on personal and business credit. Certain products require hard pulls at the time of funding. Speak with your advisor for credit review guidelines on specific deals.
No, you must provide a business checking account.