The cannabis industry’s only full-service lender, Sweet Leaf Madison Capital (888-251-8384), has updated its senior secured term loan offerings after receiving $100 million in financing.
Denver, United States - August 4, 2023 —
Amid ongoing barriers that cannabis companies face to securing funding from financial institutions, Sweet Leaf Madison Capital has updated the senior secured term loans it provides. This year, the company obtained a $100 million debt facility, allowing Sweet Leaf Madison Capital to offer the major funding that middle-market cannabis companies need to be competitive in the industry.
More details can be found at: https://sweetleafmadison.com
The new senior secured term loans offered by Sweet Leaf Madison Capital allow cannabis companies to purchase inventory, finance receivables, and effectively take care of other short-term cash-based needs. In addition to senior secured term loans, the company is now able to offer more robust cannabis equipment loans and cannabis real estate financing as a result of its new $100 million in funding.
Cannabis industry data analytics company BDSA reports that American cannabis sales will increase from $25 billion in 2021 to $40 billion in 2026. The thriving industry can be a great business opportunity for entrepreneurs and investors. The newly enhanced senior secured term loans that Sweet Leaf Madison Capital now offers provide a pathway for middle-market cannabis companies to take advantage of the industry’s growth.
The company’s senior secured term loans are tailored to each recipient’s needs. Sweet Leaf Madison Capital reports that its senior secured term loans of up to 48 months are averaging as high as $15 million in proceeds.
The recently obtained $100 million in financing has greatly increased the company’s assets. Sweet Leaf Madison Capital now has the ability to underwrite up to 75% of a senior secured term loan’s value. The team’s financial, legal, and cannabis experts now have more freedom to provide creatively structured financing that cannabis businesses rely on.
About Sweet Leaf Madison Capital
In September of 2021, Sweet Leaf Madison Capital was formed by the merger of one of the cannabis industry’s first private direct-lending companies and a New York City specialty investment firm with over a quarter-century in operation. The company leadership’s background in both specialized cannabis financing and real estate deals allows Sweet Leaf Madison Capital to provide personalized senior secured term loans designed to set up cannabis companies for success.
When discussing the company’s commitment to providing comprehensive cannabis financing solutions, Sweet Leaf Madison Capital’s Chairman & CEO Bryan E. Gordon stated, “As the only full-service lender in the industry, Sweet Leaf Madison Capital prides itself on serving all cannabis segments from ‘seed-to-sale’, including cultivation, processing, distribution and retail.”
For more information visit: 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: 89104138
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