Financial News

Debt Financing For Cannabis Growers: 2023 Equipment & Real Estate Loans Expanded

Specialty cannabis lender Sweet Leaf Madison Capital announces the expansion of its customized cannabis business loans to meet the growth needs of middle-market marijuana cultivators across the country.

With the announcement of its recently secured $100 million debt facility, Sweet Leaf Madison Capital (SLMC) showcases its financial services for cannabis cultivators: equipment loans and real estate direct financing. This nondilutive financing is also available to processors, retailers, and ancillary service providers.

More information can be found at https://www.sweetleafmadison.com/cannabis-real-estate-financing

SLMC, a nationwide direct lender, continues to expand its reach by tailoring financing solutions to the growth plans of cultivators across the US, even as debt funding continues to dominate the market.

Backed by its $100 million debt facility, this expansion comes at a time when debt makes up 93% of capital raised by American cannabis cultivators and retailers. Cultivators account for about 35% of the US cannabis market, a share expected to surpass 40% by 2030.

Despite posting healthier balance sheets and higher creditworthiness, cannabis businesses struggle to obtain capital. Sweet Leaf Madison Capital can help clients finance equipment purchases, property acquisitions, and plant upgrades that can drive profitability.

The company's asset-based loans range from $150k to $15 million, with competitive loan-to-value (LTV) ratios up to 80% for equipment loans and 75% for real estate loans.

SLMC can build financing solutions for cultivators and processors looking to expand operations, enter new markets, or upgrade equipment and facilities. The debt financing is nondilutive and will not affect ownership stakes.

Formed in 2021 with the merger of two experienced specialty finance teams, Sweet Leaf Capital and Madison Ventures+, Sweet Leaf Madison Capital has established itself as an industry leader in cannabis business financing. The company has been recognized as a top lender in Green Market Report's Cannabis Financial Awards, acknowledging its exceptional contributions to the cannabis industry.

"This infusion of capital is a strong show of confidence in cannabis debt financing as well as in Sweet Leaf Madison Capital's abilities," said Bryan Gordon, Chairman and CEO of SLMC. "The opportunity to help businesses from "seed-to-sale" achieve their potential drives everyone at SLMC, and we look forward to working with more companies to fund their growth and the growth of the cannabis industry."

Additional information on Sweet Leaf Madison Capital's lending services is available at https://sweetleafmadison.com

Contact Info:
Name: Emma Fuller
Email: Send Email
Organization: Sweet Leaf Madison Capital
Address: 600 North Grant Street Suite 300, Denver, Colorado 80203, United States
Phone: +1-888-251-8384
Website: https://sweetleafmadison.com/

Source: PressCable

Release ID: 89109028

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