Cannabis Business Loans

Compare cannabis business loans online and find the best rates without impact on your credit.

Enter loan amount
Our Lending Partner Network
Cannabis Business Loans
Compare Best Cannabis Financing Options

How to Get Financing for a Marijuana Business

Cannabis has already been legalized in 18 states and is legal for medicinal use in 36 states, and this trend is likely to continue at a fast pace. This makes the legal cannabis trade a lucrative one to be a part of, but it can be difficult in some areas to have your business taken as seriously as some other businesses. If you need additional funding for your cannabis business, you may be unsure where to go. Fortunately, we’ve done the hard work for you and found the best cannabis loans available.

Applying for a cannabis business loan is fast and easy:

Fill out a simple and fast online application in just minutes

Compare best business loan rates and choose your offer

Receive funds towards your business needs

Checking rates won't impact your credit

Compare Cannabis Business Loans

What are cannabis business loans?

A cannabis business loan is a type of loan that’s suitable for businesses within the cannabis industry, where a lender will allow you to borrow funds and pay the loan back over a defined period.

How does a cannabis business loan work?

Generally, a cannabis business loan will work just like any other type of business loan – a lender will agree to lend you a lump sum amount which you’ll then payback in the following weeks, months, or years with a fixed weekly or monthly payment.

Best Marijuana Business Financing Options

Funding Circle

Funding Circle

Funding: Borrow $25,000 to $200,000
Minimum Credit Score: 700
Loan term: 6-12 months
Funding turnaround: 24-48 hours

Funding Circle offers affordable business loans with interest rates lower than alternative lenders with monthly repayment schedules for borrowers with good to excellent credit scores.



Funding: Borrow $5,000 - $250,000
Minimum Credit Score: 600
Loan term: 6-12 months
Funding turnaround: 24-48 hours

With BlueVine, borrowers can get approval as fast as 24 hours and obtain a business line of credit for short term capital needs while only paying interest on the funds you borrow.

PNC Bank

PNC Bank

Funding: Borrow up to $100,000
Minimum Credit Score: 720
Best For: Bank business line of credit & loans
Funding turnaround: as fast as same business day

With PNC Bank, borrowers can obtain a line of credit with impressive interest rates and get funded as fast as same business day. Best for borrowers with high credit scores who can provide a personal guarantee.

SBA 7a

SBA 7(a) loan

Funding: Borrow up to $5,000,000
Minimum Credit Score: 650
Best For: SBA loans
Funding turnaround: Varies.

The SBA 7(a) program features lenders such as Wells Fargo in their network and provides capped interest rates and long repayment term flexibility. Term loans and lines of credit access available. Typically, collateral will be required with a personal guarantee. Funding times vary and may be longer than most other lenders.

Credibility Capital

Credibility Capital

Funding: Borrow up to $500,000
Minimum Credit Score: 650
Best For: Term loans
Funding turnaround: Varies.

With Credibility Capital, borrowers with strong credit can obtain small business loans with attractive rates. A personal guarantee along with a business lien and revenue may be required to qualify. Note: This lender provides funding for all states except for North Dakota, Nevada, South Dakota, Vermont.

What can I use a cannabis business loan for?

You can use a cannabis business loan for:

  • Setting up retail stores
  • Funding new packaging
  • Product development
  • Pay for distribution
  • Pay for cultivation needs
  • Marketing and branding
  • Buy more inventory
  • Hire new team members

How can I get financing for a cannabis business?

There are many more loans available for cannabis businesses than there were even five years ago, but you can’t simply apply to any loan – some lenders are going to be better suited for your needs than others. Make sure you do your research and find lenders that cater to cannabis businesses, then find out their requirements. When you find the right loan type for your business, gather the required documentation and apply. Most lenders will deliver the funds within 48 hours once you’re approved.

Types of Cannabis-businesses that can apply for financing

  • Cannabis Wholesalers & Retailers
  • Cannabis Producers
  • Cannabis Growers
  • Dispensaries
  • CBD Health & Beauty Products
  • CBD producers
  • Hemp manufacturers
  • Edible wholesalers
  • Edible manufacturers
  • THC retailers & wholesalers
  • Medical marijuana product(s)
  • Start-up CBD & cannabis businesses
  • Glass wholesalers
  • Hash producers

Need help finding the right loan?

No worries, we've got you covered! Compare personalized loan options in just minutes without impact on your credit score.

What are common types of cannabis loans?

  • Business term loans: this type of loan is the most common, where you apply for a lump sum amount that will be paid back, plus interest, over the following weeks, months, or years, depending on the term. Most of these loans come with an interest rate of 8-25%.
  • Commercial real estate loans: this type of loan is usually a mortgage, secured against real estate you want to buy or improve.
  • Equipment loan: an equipment loan allows you to borrow money to buy specific pieces of equipment, which secures the loan (like a car loan). This usually makes these loans easier to get with better rates.
  • Working capital loan: a working capital loan is one that’s designed to help boost your business’s cash so you can better manage your day-to-day finances, and usually comes in the form of a term loan.
  • Merchant cash advance: a merchant cash advance is where your payment processor offers you a lump sum loan which is then paid back through the payments you process online or in person. They automatically take an agreed percentage of each payment to pay back the loan.
  • Peer-to-peer lending: This is where you use a platform much like a crowdfunding platform to raise funds toward your goals, the difference being that instead of raising money from your customers and supporters, you’re essentially funding a loan from small investors. You’ll then pay the loan back with interest, just like a traditional loan.

What are the pros and cons of cannabis loans?


  • Boost your working capital
  • Have funds for business expansion
  • Diversify into a new market
  • Take advantage of opportunities
  • Keep a constant supply of inventory
  • Most have an online application
  • Most specialize in cannabis businesses
  • Some loans cater to startups


  • You may find rates are higher than some loans available to other businesses
  • Some lenders aren’t as well-known as those for other businesses, so you’ll need to do your research on who is reputable
  • You may be required to make a personal guarantee or put up assets as collateral
  • You may tie yourself into a loan that takes a long time to pay back, limiting your options for some time

What does it cost to get a cannabis business loan?

The costs involved with a cannabis business loan are:

  • The interest rate: all cannabis business loans and alternative funding will have some sort of an interest rate or cost for borrowing. This is the biggest factor in what the loan will cost you overall. It’s always important to compare loans to get the lowest rate to maximize your affordability.
  • Down payments: some loans may require you to pay a down payment on your loan, which is generally 5-20% of the total of the loan. This can make some loans less affordable, though a down payment will usually lower the interest rate.
  • Set up and closing fees: loans in the form of a line of credit or merchant cash advance may come with a set-up fee or closing fee, so make sure you’re aware of what these are before you agree to your loan so you know how much it will add to the cost of the overall loan.
  • Early repayment fees: another fee you should be on the lookout for is early repayment fees. Try to avoid getting a loan that penalizes you for paying off the loan early, so you can choose how and when you pay it off.
  • Collateral/personal guarantees: while this isn’t a cost per se, it’s worth mentioning that some loans may require you to put up assets as collateral, which can be seized by the loan company if you default on your loan payments. A personal guarantee may also be required, which would allow the company to pursue you legally (not just your business) to recoup the funds if you default.

Are loans for cannabis-based businesses safe?

Yes, though you do need to do your research and find reputable lenders. Some lenders are not well-known, and so you need to make sure you read the fine print in their terms so you won’t get a nasty surprise. When possible, work with lenders you’ve heard of or are recommended by others in your industry.

Are there alternatives to cannabis business loans?

There are some alternative forms of borrowing that may better suit your needs:

  • Line of credit: A line of credit is a popular choice for cannabis businesses, and it’s where you’re given access to a maximum amount of credit which you can use as and when you need. In most cases, these are revolving, which means you can use the credit again when you’ve paid it back (like a credit card).
  • Private equity funding: this is where you seek funding from private individuals, often through a private equity firm. If you have big plans for the future, this may be a good option for you. Learn more about it here.
  • Crowdfunding: crowdfunding has become a popular method to raise funds, and may be the best option if you have a customer base eager to get their hands on your next product. Most of the mainstream crowdfunding platforms have started approving cannabis companies, but there are also some specialist marijuana business crowdfunding platforms such as CannaFundr and Fundanna.
  • Venture capital and angel investors: with cannabis becoming legal in more states and countries across the world, venture capital firms and angel investors are keen to invest in promising cannabis businesses. While this can be a great way to get more cash for your business and often get advice from more experienced business people, you will need to sell a part of your business to the firm or investor.
  • Personal loans: If you’re still in the early stages of your business and have a part or full-time job, you may find that a personal loan will be the best way to secure funding. If you have a good income and a high credit score, you may find this an affordable way to borrow.

Marijuana Business Loan Calculator

How much do you need to borrow?


Total Payment


Total Interest


Monthly Payment


Ready to get funded?

Compare personalized business loan rates from top lenders with no impact on your credit, ever.

Find Your Personalized Rate

Will my state make any difference to where I can get a marijuana business loan?

It might – because the legalities surrounding cannabis are still relatively up in the air on a federal level, you may find that a lender may not lend to businesses in your state yet. If that’s the case, it’s worth looking to local lenders within your state as they will likely be looking for ways to work with businesses like yours, especially if you’re in one of the states where cannabis is legal for any use.

Can a cannabis business loan also be used for a CBD business?

Yes, most cannabis business loans can also be used by CBD businesses, but check with the lender before you apply.

What are the best cannabis business loans?

We’ve rounded up many of the best cannabis business loans available within our comparison tables, so make sure you start there. Due to the more complicated nature of cannabis loans (due to the differences in law in each state), make sure you do your research and make sure funding is available to you. When you find the loans that are, it’s time to compare.

Apply for a marijuana business loan and compare rates

It’s essential to compare rates so you can get the lowest interest rate possible. This will make your monthly payments more affordable and lower the overall cost of the loan. When you find one that applies to you, move forward with the application process. Many providers have an online application that makes it straightforward to apply, and once approved, you’ll often have the funds in your account within 48 hours.

Compare Business Loan Offers

How Pasha Funding Works

How it Works
Apply in minutes

Get pre-qualified in minutes and compare offers from top lenders.

Choose your offer

Compare and choose an offer that works best for you based on your timeline and budget needs.

Get funded

After your loan is approved with the lender of your choice, receive your funds.

Popular Business Funding Options

Get Fast Funding For Your Business

Compare business loans from top lenders without negative impact on your credit score.

Business Loans By Credit

Business Loans for Fair Credit
Business Loans for Good Credit
Business Loans for Excellent Credit

*Disclaimer: does not function as a lender. The offers provided on this website are provided solely by third parties, who compensate for their inclusion. We would like to emphasize that will not contact you regarding any loan application resulting from the aforementioned offers, and we will never request financial information or any sensitive personal data via phone, email, or any other means.

REMEMBER, it is essential to exercise caution and never share any financial information or sensitive personal data over the phone or via email without independently verifying the identity of the company initiating the communication first!