A cannabis equipment loan provides businesses with the capital needed to purchase essential machinery, technology, or infrastructure. The process is refreshingly straightforward: once you select your equipment and secure an invoice from a vendor, you apply for financing. The lender pays the vendor directly, often covering up to 100% of the equipment’s value, which means you can avoid hefty upfront costs. Repayment terms typically range from one to ten years, and the equipment itself serves as collateral for the loan, making this a self-collateralized option.
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