“You can't get loans in the cannabis industry,” is a response many folks looking to break into the marijuana business have heard on loop like a broken record. But Founder and CEO of Seed to Sale Funding Judy Rinkus plays a different tune.
All in the Name
Seed to Sale Funding provides loans from a curated network of private lenders to established entities and startups alike. By supporting projects like cannabis cultivation, dispensaries, processing and testing laboratories, it's clear that the company really does intend to fund its clients from seed to sale.
Rinkus got her start in finance as a commercial banker, lending to middle-market businesses. After 30 years she left the world of banking because, in her own words, “I was tired of working for The Man — quite literally.” When Rinkus switched over to consulting, she began receiving requests about accessing and providing funding for cannabis companies. The myth at the time was that it just wasn't an option. This piqued Rinkus' interest, and sensing a niche position in the market, she decided to take it upon herself to change the narrative.
Over the course of about three months, Rinkus connected with 20 private lenders, many with whom she had established strong relationships from her prior career, and Seed to Sale Funding was birthed.
Lending a Hand
So what types of loans …