Here are three additional mistakes I see occurring frequently as business owners look for financing. Steer clear of these pitfalls and you will dramatically increase your chances for success.
Tag Archives: Lender
As a veteran in commercial financing for marijuana businesses, I have seen many business owners struggle to obtain funding.
A client recently came to Sacramento, California-area lender Tod Chadwick seeking a loan for a three-unit commercial property. A standard request — except the client wanted to use one of the units for a medical marijuana dispensary.
Landlords are simple people. They want to collect rent and, at the end of the lease, they want their asset back in good enough shape to rent it out again. Owners of commercial property thinking about renting to legal marijuana businesses face an unusual degree of risk.