Are you a social equity applicant interested in applying for a loan to finance your cannabis business? Our online loan application is now live. We have put together this FAQ to help you understand the loan application requirements.
As you know, the applications for adult-use cannabis dispensary licenses are due to the state on January 1, 2020. Good Tree Capital is going going to provide loans for up to 100 social equity applicants to finance the non-refundable $2,500 application fee.
Here’s what you need to know about applying for a loan with us:
But first, if you haven't done so, fill out the form
Earlier this year, we presented this information to prospective adult-use dispensary applicants at our "Elev8 Our Community" event in Chicago, IL.
In this informative webinar, our Founder and CEO Seke Ballard and Elev8 Cannabis' CEO Seun Adedeji provide advice about applying for and running a licensed cannabis business in Illinois.
- The basics of the Illinois law
- Types of licenses and timeline
- How to finance your business
- Social equity applicant requirements
- Real Estate and the Aldermanic process
- The Application process and Eligibility requirements
- Running a dispensary.
The Illinois Department of Financial & Professional Regulation (IDFPR) has published a number of resources to help those applicants seeking to obtain a provisional Adult-Use Dispensing Organization license, such as: