Ancillary Business Consultants Inc., and CannaServe™ Announce Innovative Cannabis Business Loan Financing Solutions for the Legal Cannabis Business Space
Fort Lauderdale, Florida (PRWEB) August 24, 2015 -- Ancillary Business Consultants Inc., (ABC), a professional business advisory service to the legal cannabis business space and related businesses, announced today that CannaServe™ is now offering various innovative cannabis business loan financing solutions through CannaServe.org, the company’s new concierge business member ("CannaMember") site.
Cannabis industry and related businesses, which are state licensed and regulated face banking challenges unlike any other licensed business due to the current legislative disparity between the Controlled Substances Act (CSA), 21 U.S.C. §§801-971 and the 24 states where medical and/or recreational cannabis is legal.This disparity presents a daily challenge and potential serious problems for legitimate cannabis and ancillary businesses operating under total transparency and in compliance with their state's regulations. In addition to cash only sales, these thriving businesses have virtually no access to capital lending for expansion and management of their businesses.
ABC, through CannaServe™, its inventive cannabis and ancillary business advisory service, announced today a lending program specifically designed for, and available to the cannabis business space and related businesses for their financing needs. There are loans available for real estate and equipment purchases, leasing, lines of credit as well as custom lending applications.
"We are excited to offer this lending program to cannabis related and ancillary businesses to provide them with an opportunity to grow, diversify and improve their business, just as with any other mainstream organization. Whether the loan is needed for to purchase real estate, inventory, equipment financing or establishing a line of credit for on demand use, we have a program to assist and offer attainable, prompt funding” says L. Gregory Loomar, Esq., CEO of Ancillary Business Consultants, Inc.
The current large demand for capital will only increase, since the legal cannabis industry has faster growth than any other US business sector, including technology, as evidenced by a 74% growth rate in 2014. The evidence indicates this growth trend is estimated to continue and even gain momentum as more states adopt some form of legal cannabis legislation. The challenge and lack of readily available funding will continue to suppress tax paying businesses and start-up entrepreneurs from developing and further expanding their state compliant legal businesses. ABC and CannaServe™ stand ready to assist these businesses by providing needed access to viable funding and comprehensive business advisory support.
Lee Epstein, Ancillary Business Consultants, http://ancillarybusinessconsultants.com/, +1 (844) 420-2384 Ext: 101, [email protected]
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