STM Canna, a leading manufacturer of cannabis processing equipment, is excited to announce its new financing options for customers. The company has partnered with Lender420, a specialized financing company that offers leasing options to equipment vendors and manufacturers. This partnership has allowed STM Canna to provide two separate tiers for financing, tailored to meet the needs of different customers.
Cannabis Business Financing Options
The first tier, Tier A, is designed for customers who have a strong financial standing. To qualify for this tier, customers must provide two years of financial statements from either the borrowing entity or a cross-corporate that is at least 51% owned by members of the borrower. If the financial statements support it, customers can receive financing up to 100% of the equipment’s cost. Rates for this tier start around 8% and move into the 12-14% range, with no prepayment penalties. Customers can also choose a repayment term of up to five years.
For customers who do not meet the financial requirements for Tier A, STM Canna offers Tier B and C financing options. These tiers do not require financial statements or cross-corporate ownership, but rates and terms are higher. A down payment is usually required, typically around 30% for lab testing equipment. Rates for these tiers are mid-high teens, and prepayment discounts are offered on a case-by-case basis.
“We are thrilled to offer these financing options to our customers,” an STM Canna spokesperson said. “We understand that purchasing equipment can be a significant investment, and we want to make the process as easy and accessible as possible. Our partnership with Lender420 has allowed us to provide financing options that are tailored to our customers’ needs, and we are confident that this will help more people access our high-quality equipment.”
The new financing options are now available to customers who purchase STM Canna pre-roll equipment. To learn more about these options, visit the STM Canna website or contact their sales team directly. With these new financing options, customers can now easily and affordably purchase the equipment they need to revolutionize their pre-roll automation process.