Sweet Leaf Madison Capital, a nationwide provider of customized debt solutions for the middle-market cannabis industry, has added FOHSE, a LED lighting grow manufacturer, to its Preferred Vendor Program.
According to the company its Preferred Vendor Program gives participating vendors a competitive advantage by increasing the velocity of their sales. Through SLMC’s lending platform, vendors are able to provide customers with a source of financing to make expensive purchases of equipment, which means those clients can spread their capital and manage cash flow across a broader range of business needs. This arrangement is highly advantageous to all parties. Vendors win by boosting sales across more of their customer base, and customers win by getting lower costs of capital and access to the equipment they need to grow.
Access to financing has a domino effect by allowing FOHSE customers to optimize cash flow while removing financial obstacles that once blocked growers from achieving their ultimate cultivation success. The SLMC Vendor Program is also distinguished by providing quick approval for the majority of qualifying customers and offering vendors opportunities for co-marketing through press releases, joint branding, and coordinated appearances at conferences and trade shows.
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Photo by CRYSTALWEED cannabis on Unsplash
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