Cannabis Business Loans Canada...
Despite the legalization of cannabis nationwide in Canada, banks have been slow to adopt business loans and financing for cannabis and hemp businesses. The perceived risk of offering these loans is greater than what Canadian banks appear to be willing to take on at this point. Most have a wait and see stance to determine how all the government laws and regulations will play out. There are some private sources of funding available but even those seem few and far between.
NewVista Financing is happy to help fill this void with a suite of lending options for Canada hemp and cannabis businesses including real estate loans, equipment leasing and financing along with project financing which includes a combination of the two. We cover all of Canada from Toronto, Ontario and Quebec to Calgary and British Columbia.
Cannabis and Hemp Financing For Canada
For real estate loans we offer a variety of solutions including purchases, refinancing, refi with cash out, construction and land loans. For equipment loans we offer leasing and purchase term loans on a variety of hemp and cannabis equipment including lighting, extraction, farm, lab and more. For project financing, we specialize in funding loan requests of $10M+ (although we can do smaller loans) and can entertain most combinations of real estate and equipment lending.Simple Canada Loan Process
We like to see business principals with good credit, equity in subject real estate, income to support the loans while related experience and time in business is preferred. However, we do have loan programs for startups. The NewVista Financing loan process is straight forward: 1. Provide us with information about your loan request. You can complete the appropriate pre-qualification form for real estate loan requests or equipment financing requests. 2. We will review your information to see if we have an initial fit and have a discussion to ensure understanding. 3. If your request is pre-qualified we move to collect your documentation and get your company funded.