Merchant Cash Advance
The cost of running a cannabis business can be steep. And to make matters worse, banks and credit unions won't lend money to cannabis businesses. Paybotic steps in to fill this void with Merchant Cash Advances to finance initiatives to help grow your cannabusiness.
Merchant Cash Advances aren't loans — they are advances on debit sales receivables. Funds are disbursed in lump sums, and repayments are made at a fixed percentage of daily credit and debit card sales processed until repayment is completed.
Get StartedFinancial Challenges in the Cannabis Industry
Though marijuana has been legalized for both medicinal and recreational use in many states, most banks operate at the federal level — and many of them avoid working with cannabis businesses to remain compliant with federal laws, making it difficult for these cannabis businesses to get access to loans, cash advances, and traditional payment processing solutions used by most businesses.
Cannabis retailers need access to modern financing solutions that are compliant with the constantly changing regulations in the marijuana industry. This allows them to streamline company operations, hire new staff, expand facilities to satisfy the day-to-day needs of their businesses.
At Paybotic, we are committed to providing secure, reliable, and compliant financing and cannabis payment processing solutions for high-risk businesses that need access to capital quickly.
Banks Won't Lend
Most banks and credit unions refuse to lend money to cannabis businesses due to federal compliance concerns, leaving operators without access to traditional financing options.
Changing Regulations
The constantly evolving state and federal regulatory landscape makes it especially difficult for cannabis businesses to secure compliant financing and payment processing solutions.
Need Capital to Grow
Cannabis retailers need access to capital to streamline operations, hire staff, expand facilities, and stay competitive — but traditional financing simply isn't available to them.
What is a Merchant Cash Advance & How Does it Work?
Merchant Cash Advance gives businesses access to a lump sum of cash that is repaid at a rate proportional to their daily sales. This means that if your sales dip, then your payments dip as well. When your sales are soaring, you pay more. Your repayments reflect the state of your business at all times.
If you sell cannabis and related products and accept credit and debit cards, you can qualify for a Merchant Cash Advance from Paybotic. Funds are disbursed in lump sums, and repayments are made at a fixed percentage of daily credit and debit sales through our payment processing system at your cannabusiness.
Merchant Cash Advance offers convenient, flexible, and fast access to funds for merchants in the cannabis industry.
Find Out If an MCA Is Right For YouApply Online
Complete our straightforward application. Our paperwork is easy to navigate and typically leads to same-day approval once all necessary information is submitted.
Get Approved
Paybotic has a high approval rate for cannabis businesses. We understand the challenges of your industry and are committed to providing access to the capital you need.
Receive Your Funds
Funds are disbursed in a lump sum to your business account. Use the capital for any initiative that helps your cannabusiness grow — from marketing to new inventory.
Repay as You Grow
Repayments are made at a fixed percentage of daily credit and debit card sales. So the faster your cannabusiness grows, the faster the advance is repaid.
Why Should You Consider a Merchant Cash Advance?
A Merchant Cash Advance is a great financing solution for high-risk businesses like those in the marijuana industry. Consider the following benefits to determine if a Merchant Cash Advance is right for your cannabis-related business.
Easy Application Process
We understand that merchants need access to cash as quickly as possible, which is why we strive to make our application process easy. Our application paperwork is straightforward, and once all necessary information is complete and submitted, we are typically able to provide same-day approval.
High Approval Rate
Cannabis businesses already have a difficult time getting access to merchant funding and payment processing solutions. At Paybotic, we understand this and maintain a high approval rate for cannabis businesses. Our solutions are designed specifically for the unique challenges of the marijuana industry.
No Hidden Fees
Our Merchant Cash Advance comes with no hidden fees and flexible repayment options. You're free to use the money for anything you deem necessary for your business.
Grow Your Business
When you apply and are approved for a Merchant Cash Advance, you can use the money to fund growth initiatives to help your business succeed. Cash advances give merchants the money they need to drive business growth in the competitive cannabis industry.
Contact Our Sales Team TodayGet Started with Paybotic
Paybotic is determined to help cannabis dispensaries get access to the payment processing and merchant funding solutions they need to thrive. We constantly work to stay ahead of state and federal regulations to ensure all of our solutions are compliant, convenient, secure, and reliable.
On top of merchant cash advances, we offer a variety of cannabis payment processing solutions to businesses in the marijuana industry, including Cannabis Card Processing, eChecks/ACH Processing, Cannabis Banking, and Gift Card programs.
Contact Paybotic at 844.420.4729 or fill out a contact form to get in touch with our sales team to learn more about our Merchant Cash Advance and other payment solutions.
Contact Our Sales TeamCannabis Card Processing
Accept debit and credit card payments at your dispensary.
eChecks/ACH Processing
Process electronic checks and ACH transfers securely.
Cannabis Banking
Open a dedicated bank account built for cannabis businesses.
Gift Card Programs
Drive customer loyalty with branded gift card programs.
Frequently Asked Questions
A Merchant Cash Advance (MCA) allows a cannabis business to fund specific initiatives as an advance on debit sales receivables. Your business can qualify if you meet certain criteria such as accepting debit and credit card payments and selling cannabis products. MCAs are given in lump sums. The merchant makes repayments at a fixed percentage of daily credit and debit card sales processed. This repayment plan continues until the balance is paid off.
A Merchant Cash Advance offers a cannabis business fast and convenient access to funding. This flexible option allows a business to maintain a steady cash flow and make repayments on credit card sales. A dispensary can use the advance to implement a new initiative like a gift card program or marketing project. Since repayment amounts are determined by the debit sales receivable, cannabis businesses can repay at a pace that works with their growth.
If you have questions about MCAs, our team of experts will help you. To learn more, fill out a contact form or call us at 844.471.2078.
No, a Merchant Cash Advance is not a loan. It is an advance on debit sales receivables. Unlike a traditional loan, there is no fixed repayment schedule. Instead, repayments are made as a fixed percentage of your daily credit and debit card sales, so payments naturally scale with your business performance. When sales are strong, you repay faster; when sales are slower, your repayments are lower.
This makes an MCA a more flexible and accessible option for cannabis businesses that may not qualify for traditional financing.
When you are approved for a Merchant Cash Advance, you can use the funds for any business initiative, including marketing promotions, equipment purchasing, payroll financing, renovation projects, inventory purchasing, hiring new staff members, and more.
Cash advances give merchants the money they need to drive business growth in the competitive cannabis industry. The faster your cannabusiness grows, the faster the advance is repaid — making it a truly growth-aligned financing solution.
