Loan funding pre-application for licensed, operational cannabis businesses.
Maximum loan amount is $150,000 and minimum is $25,000. We expect to fund one to two loans.
There are 4 sections to this pre-application, which gathers general information about your businesses and ownership team. Completing this pre-application is Step 1 in the loan process.
Two to three businesses will be selected to move to Step 2, the application phase. To move forward in the Application phase, all businesses must provide most recent year end business tax returns, balance sheet, and trailing twelve months profit and loss statement. Recent and complete financial statements are required for moving forward with the Application phase. If you have questions or need resources or coaching related to financial documents, please contact us at loans@nuproject.org.
Tips
- You can exit the pre-application and return to resume where you left off.
- You can go edit responses until you submit the form.
- Please contact us if you need to modify your application prior to the deadline.
- Please contact us if you need help preparing financial documents
Financing is available with an interest rate of 12% and flexible payment schedule.
All loans will have a 1% origination fee.