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Top 10 Tips for Cannabusiness Debt Financing, Plus One

Submitted by Marijuana News on Thu, 12/24/2015 - 10:56

Speaking at the High Times Business Summit 2015 in Washington, D.C., Scott Jordan, Director of Business Development for Dynamic Alternative Finance, laid out his top 10 tips for cannabusinesses forced to think outside the box for financing. Then there was an extra that may trump all others.

Jordan is a self-described “debt guy,” focused on helping entrepreneurs protect their equity, and his 10 tips are as follows:

  1. “The very first thing you ought to do is to get all the credit cards that you can,” Jordan told his audience. He recommends then using a zero percent balance transfer strategy: “Charge up on a card. Don’t get above about 60 percent, then transfer to a zero balance card and take the next 12 to 18 months to pay off that the balance.” Jordan recommends this strategy particularly for those who need $100,000 or less. He additionally suggests attaching a credit card
    2. ...
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Anne Wallace
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Washington D.C.
United States

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