NuProject's Low Interest Loan Program is available to cannabis businesses operating in legal
states (plant-touching) and any state (ancillary) across the U.S. for loan amounts more than $25,000. The intent of these loans is to help entrepreneurs from historically underfunded groups scale their cannabis businesses with a priority placed on funding groups historically targeted by cannabis criminalization (Black, Indigenous, and Latina/o/x). Financing is available over 24-60 months with an annualized interest rate up to 10%
minimum loan qualification: Business must have 12 months of sales history to apply for a loan at least 1 business tax return that has been filed.
All loans will have a 1% origination fee and disbursement fee. A mailed check will not have a disbursement fee.