Frequently Asked Questions
Dive into the most common questions about growing a successful cannabis business.
Sweet Leaf Madison finances the full spectrum of real estate involved in the cannabis supply chain from cultivation, to warehouses, processing, packaging, and testing facilities all the way to medical and adult use dispensaries and on-site consumption venues.
Typical real estate loans up to $10MM, although larger loans can be arranged for well-qualified borrowers with a proven history of success. Actual amounts available to you will be based on an appraisal of your property, historical business performance and prospects, and other pledgeable collateral and payment guarantees. SLMC offers competitive rates and LTVs and timely execution.
Business establishment, bank/credit bureau and other financing references are all used in the decision-making process. In order to underwrite your loan as efficiently and quickly as possible, SLMC uses third-party databases to acquire sufficient credit information during the application review process.
SLMC generally offers real estate loans for terms between 1 – 7 years, although actual terms offered may vary based upon the property and your unique circumstance and needs.
No, SLMC does not charge a fee for you to apply for financing for you cannabis-related real estate loan. However, certain disclosed fees including appraisal fees, property condition reports and certain documentation fees are paid by the borrower.
SLMC offers used equipment for purchase or financing and has an extensive network of vendors and operators. If we can find the equipment you need, we will.
If you want to pay-off your loan early, Sweet Leaf Madison will provide you with a pay-off quote. Your success is our success, and we will look forward to being your go-to partner for years to come.
SLMC, like other lenders, requires both property casualty for replacement cost and general liability insurance on your cannabis real estate. If you don’t currently have insurance, SLMC can introduce you to agents ready to assist with your insurance needs.
Licenses are required to engage in cannabis-related activities; however, SLMC recognizes that the issuing of a license may be dependent on the installation of your equipment. We can provide you with the necessary equipment prior to the issuance of a license but will require a license be issued before you are permitted to operate the equipment.