ven though the cannabis industry is one of the fastest-growing industries in the United States, with numerous states legalizing its sale in one form or another, many operators still struggle to secure the funding they need to succeed and thrive. Due to the countless legal restrictions surrounding cannabis, access to credible business loans through banks is difficult.
Luckily, Upwise Capital offers a complete cannabis financing marketplace designed to fulfill all the needs of any cannabis business, from startups to established brands. By working with a broad network of entities, Upwise can introduce entrepreneurs to a wide array of partners that offer funding options – on top of the services that Upwise Capital provides in-house.
“We strive to be the one-stop-shop for cannabis operators, utilizing fintech software to underwrite and understand cannabis businesses. First, we identify and match the best capital source for their specific business needs,” says Sean Lustberg, managing partner of Upwise Capital. “Then, we are hands-on, working hard for our clients from start to finish, ensuring the funding process is transparent and successful.”
The firm offers a suite of funding options specifically designed for cannabis businesses: short-term loans, real estate loans, construction loans, equipment loans, venture funds, lines of credit, and more. Part of what makes Upwise indispensable is its expertise in building individual funding plans designed to address each of their client’s specific needs. And they can work with the ancillary services that support the industry, such as human resources, accounting, and events companies, to help them secure capital and government-approved loans.
What separates their firm from others in the marketplace is their continual, passionate commitment to understanding the cannabis industry, and to anticipating their clients’ needs. By finding working capital, they enable their customers to launch new products, open new dispensaries, and improve existing facilities.
Best of all, they are constantly working to stay abreast of the continually shifting legal landscape upon which the entire hemp and cannabis industry rests. Upwise Capital works to ensure that their partners’ financing will satisfy all the rules and regulations – more than enough to withstand any government audit. If you are searching for the right financing group to work with, look no further. Upwise Capital is who you want.