The cost of running a cannabis business can be steep. And to make matters worse, banks and credit unions tend not to lend money to cannabis businesses creating a large void in this industry. We have stepped in to fill that void abandoned by these banks and credit unions with our Merchant Cash Advance Program.
Merchant Cash Advances aren’t loans: They are advances on debit sales receivables. If you sell cannabis and related products, and you accept credit and debit cards, you can qualify for a Merchant Cash Advance from Descomm. Funds are disbursed in lump sums, and repayments are made at a fixed percentage of daily credit and debit card sales processed until repayment is completed. So, the faster your business grows, the faster the money is repaid.
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