Best Dispensary Loans for Cannabis Business

  • Get funded within 1 to 2 days
  • Raise up to $750,000
  • Interest rates as low as 7%
  • Up to 2-year loan term length
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Dispensary Business Loans

Financing options for legal medical marijuana dispensaries.

How To Finance a Medical Cannabis Dispensary

Whether you’re looking to start a new venture to capitalize on the growing legalization of cannabis or need working capital to run an existing cannabis company or startup better, we can help cannabis business owners and entrepreneurs secure the funding they need.

Clarify’s mission is to help business owners pursue the American dream. As opposed to lending through traditional banks, our network of 75+ private lenders can set your dispensary or canna business up for success and meet growing demand.

The process of securing a cannabis business loan couldn’t be simpler. Applying online takes less than two minutes. Your dedicated Clarify adviser then guides you with available options based on your credit score and time in business. In many cases, we can get business owners the funding they need in 24 to 48 hours.

Loan Options for Cannabis Dispensaries

Let’s look at the best financing options for cannabis dispensaries and cannabis-related businesses. While these types of loans differ from what you might find from financial institutions for things like commercial real estate loans, they’re critical business funding options to meet more immediate business needs common in the marijuana industry.

When you apply for a loan through Clarify, your dedicated financial adviser will guide you through the online application process. Our goal is to provide funding that fits the specific needs of your cannabis business.

Short-Term Loans

One of the most common business financing options is the term loan. A short-term loan is similar to financing you’d receive from a bank or credit union. You borrow a specific amount of capital at a specified APR and repayment terms and receive a lump sum for your business. The duration of the loan term can be flexible based on your needs as a borrower. This type of small business loan can be especially useful for cannabis entrepreneurs looking to launch a new cannabis product, such as marketing a new CBD or launching a campaign.

Business Lines of Credit

Business lines of credit are an excellent cannabis financing solution to give your marijuana business quick access to funds without the higher interest rates of options like a business credit card. You only pay interest on funds you use from the available credit line.

Equipment Loans

Equipment is essential for your cannabis business to operate at its full potential. Whether buying new equipment or paying to repair equipment, equipment financing can be your best option. In the case of equipment loans, the equipment is collateral for the loan.

Merchant Cash Advance

If you need instant access to a lump sum in your business bank account, a merchant cash advance (MCA) is an excellent option. Especially with the fluctuations of the cannabis industry and supply chain, an MCA can bridge cash flow gaps, weather a fluctuation in revenue, or cover an unexpected business expense.

Cannabis Dispensary Loan FAQ

Can Cannabis Dispensaries Get SBA Loans?

Companies considered “Direct Cannabis Businesses” (cultivators, dispensaries, and processors) aren’t eligible for SBA loans as of 2021.

Is Collateral Required for Cannabis Dispensary Loans?

Collateral requirements depend on whether the loan is secured or unsecured. Many loan options don’t require collateral or a personal guarantee. Some funding types, like equipment financing, allow you to use the equipment as collateral.

Dispensary loans at a glance

  • check 6 to 24-month terms
  • check Funding in 1 to 2 business days
  • check No collateral needed
  • check Low documentation required
  • check Flexible payment schedule


  • keyboard_arrow_right 6+ months in business
  • keyboard_arrow_right 550+ minimum credit score
  • keyboard_arrow_right $10K+ in monthly revenue

Note: These are general term loan qualifications. Other information might be considered during your application. Your dedicated Clarify adviser will walk you through it!
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