The Challenge Of Building Credit In The Cannabis Industry
Businesses need funding to grow. Securing funding isn’t as easy as a walk down to the local bank, however. To receive a loan or a line of credit, a business must demonstrate a financial history record that portrays how trustworthy it is with money. No one is going to lend to a stranger. So, how do you demonstrate good credit? In particular, how does a cannabis business demonstrate credit when credit companies shun the industry?
It boils down to a few steps:
1. Register your business as a separate entity from your personal credit, for tax purposes.
– Read the entire article at Forbes.