Cannabis Invoice Financing

We empower Cannabis business owners by funding their venture when traditional lenders say no. If you need money to purchase real estate, venture capital for a new business, or simply need extra funds to cover cost of operations - we can help. We believe in empowering entrepreneurs who have brilliant ideas. Let's work together

Creative

The cannabis industry is like no other. We practice creative financing in order to ensure you get the funding you need. Got a challenge? We probably have an "out of the box," solution.

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Ideas and opportunities have a shelf life. We promise to give you an answer as soon as possible. Using artificial intelligence, we're able to drastically reduce the time it takes.

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No limits on what we can do for you. Regardless of how much you need, we can help fund it. Whether its $50k, or $5 million. We invest in entrepreneurs and support you entirely.

Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

Raised
$1,200,000
APR
11 %
ARV
82%
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

Hear from people we’ve helped

“Delancey Street makes lending easy. They took a chance on me when no one else would.”

- Leo kovacz

Industries We Service

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Delancey Street creates opportunities where non exist by providing capital to those in need. We are the fire that stokes entrepreneurship. If you’re in the Cannabis/MMJ industry and need invoice financing then we can help you.

What are invoices/receivals

Invoices, also known as accounts receivables, are the bills you give to customers – which they pay in the future. Often, companies sell a product, or provide a service, but aren’t paid right away. In this case, the business issues invoices to the customers.

What’s Cannabis invoice factoring

Companies who issue invoices have to get paid to wait. Sometimes, this can be fast – and sometimes, it can be REALLY long. With Cannabis invoice factoring, a cannabis/MMJ company sell the invoice to our factoring company for a discounted price. We collect the invoice from your customer.

How does factoring work?

Once your customers are approved based on their creditworthiness and ability to pay, we’ll lay out terms for you to sign. Provided your customers pass the credit check, we’ll advance up to 80-90% of the outstanding invoices. The difference is held for a month and then released, minus a factoring fee. Factoring fees range anywhere from 1-3% of gross receivables per month.

What’s Cannabis invoice financing

Unlike Cannabis invoice factoring, where a Cannabis factoring company purchases the invoice directly —- invoice financing is when a factoring company provides a short-term loan. This loan is being collateralized by invoices from your clients. In essence, you’re borrowing money against your invoices. This is a loan, and as a result – less risky to business owners.

Is invoice factoring considered a loan?

No. Selling invoices for immediate cash isn’t considered a loan. There is no interest on it. It will not impact your credit score if the client doesn’t pay. However, that doesn’t mean you’re not liable for the client doesn’t pay. Invoice financing, however, can be considered a loan – because the Cannabis factoring company isn’t purchasing the invoice directly. They are lending against the invoice.

Recourse vs Non Recourse

If you sell your invoice to a Cannabis factoring company – and the client doesn’t pay, then you aren’t liable if you have a non-recourse factoring deal in place. If you sell the invoice to a factoring company, and the customer doesn’t pay – then you could be liable to pay the balance. This is called recourse factoring.

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  • 1 Tell us what you need
  • 2 We'll evaluate it
  • 3 We'll offer our terms

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