National Business Capital has announced the launch of its financing solutions designed for cannabis industry professionals. The service can help entrepreneurs secure funding outside of traditional banks.
As more businesses in the cannabis industry struggle to find traditional lenders to support their financial endeavors, National Business Capital’s new CannaBusiness service has debuted as the industry’s leading cannabis-specific financing solution.
More information is available at http://loanreferralnetwork.com
CannaBusiness was launched as a way to help entrepreneurs start profitable businesses and find success in the rapidly growing cannabis industry.
Recent industry reports valued the legal cannabis industry at 9.1 billion USD with an expected growth rate of 26.7% over the next seven years. With the demand for cannabis and hemp products growing, many investors have begun to take notice of the evolving industry. Despite the sector’s development, many banks remain reluctant to offer loans to business owners in the once-controversial industry.
National Business Capital offers cannabis industry entrepreneurs the opportunity to get matched with lenders who will finance their businesses.
The company will connect business owners with a marketplace of over 75 lenders. Their dedicated team of financing advisors then works directly with clients to select the best lender for their unique business needs. With the help of National Business Capital’s advisors, clients can be approved for a small business loan in as little as 24 hours.
Instead of requiring a minimum credit score, which can be a limiting factor for many clients, National Business Capital instead requires clients to have been in business for one year prior to applying for a loan. This gives entrepreneurs the opportunity to qualify for a loan regardless of their personal credit. The company’s lending partners offer loans of up to 10 million USD so clients can cover the cost of setting up their business.
Since its conception in 2007, National Business Capital has successfully secured over 1 billion USD in financing for its clients and has been featured by outlets such as Newsday and Trustpilot. With the latest announcement, National Business Capital remains committed to helping clients within the cannabis sector find the right financing options for their businesses.
A satisfied client said: “After a lot of research, we found National Business Capital. The team there was awesome and made the process easy and fast. We highly recommend NBC, they take great care of you.”
Interested parties can find more information on National Business Capital’s CannaBusiness financing options by visiting http://loanreferralnetwork.com
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