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Green Leaf Money cannabis business loans review

Last updated:  

Works with businesses in every industry — but has questionable policies in place.

  • Best for businesses in high-risk industries like cannabis.
  • Pick something else if you want to work with a transparent connection service.

$1,000

Min. Amount

$100,000

Max. Amount

Details

Product NameGreen Leaf Money cannabis business loans
Min. Amount$1,000
Max. Amount$100,000
Loan Term12 to 84 months
Min. Credit Score700
APR6.98% to 30%
RequirementsDocumented income, records of your business spending and accounts

Expert review

Anna Serio

Review by


Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 950 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Green Leaf Money is a connection service that boasts lenders with relatively low starting rates. It will work with any business in any industry, and it even has options for business owners with bad or no credit.

However, there are some red flags to be aware of. First and foremost, its online form to get you connected with a lender requests your login information for Credit Karma — which you should not give. In addition, its process of loan stacking may damage your credit score. Green Leaf Money also has a very sparse website, so while its customer service is relatively forthcoming about the process, you won’t find any helpful information online unless you reach out.

We strongly recommend that you review your other business loan options before using this connection service.

How much will this loan cost me?

The cost of your loan will depend on the lenders you’re connected with. Green Leaf Money funds your business through loan stacking, which means you may borrow for multiple loans at once with different terms.

Its lenders offer loans starting at $1,000 with APRs as low as 6.98%. The maximum amount varies, and terms may last anywhere from 12 to 84 months.

If you receive loan offers, use the calculator below to determine the monthly cost to your business.

Business loan calculator

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How it works

Green Leaf Money uses loan stacking. This means it connects you with multiple lenders — but there’s only one pull from each of the three major credit bureaus. Each lender has its own terms, so your rates will be based on a soft pull of your personal credit.

From here, you will be able to see your potential rates and determine if these loans are the right choice for your business. You’ll qualify for better rates with an established business and high personal credit. If you aren’t well established, or have bad credit, you may not qualify for the best rates — although Green Leaf Money states that it doesn’t recommend borrowing loans with higher than 16% APR.

Your funding may be a mix of credit cards and business loans. The exact type of funding your business qualifies for will vary based on your needs.

What do I need to qualify?

Green Leaf Money doesn’t provide any specific information on what your business needs to be connected with a lender. Generally, your business should provide records of income, other debts and spending. Your lender might also ask for bank statements from your personal account, tax returns from the past year and your government-issued ID.

What information do I need to submit?

Because Green Leaf Money isn’t a direct lender, you will only need to provide some basic information to be connected with a lender. In fact, the only information you need to give on its online form is your email — everything else is optional.

  • Date of birth
  • Marital status
  • Monthly housing payment
  • Corporate structure
  • Gross annual revenue from 2018

Green Leaf Money has a line requesting the login information for your Credit Karma account. Do not provide your Credit Karma username or password. Connection services generally do not require you to provide any login information for external websites, and adding it may lead to identity theft.

Pros and cons

Green Leaf Money doesn’t have any hard numbers or details on its website — and that can make it hard to fully weigh the benefits and drawbacks.

Pros

  • Multiple loan options
  • Works with businesses in high-risk industries
  • Live chat available

Cons

  • Limited information online
  • Potentially long turnaround of 21 days
  • May sell your information
  • No BBB page

See other top business loan options

To review your financing options, select your loan amount, annual revenue, time in business and personal credit score range. Then click Show loans.

Data indicated here is updated regularly

Name Product Filter Values Loan amount APR Requirements
First Down Funding business loans
$5,000 – $300,000
Fee Based
At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.
Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000 – $5,000,000
Varies
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
OnDeck small business loans
$5,000 – $250,000
As low as 9.99%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Rapid Finance small business loans
$5,000 – $1,000,000
Fee based
Steady flow of credit card sales, bad credit OK
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Compare up to 4 providers

Is Green Leaf Money legit?

Yes, but you should exercise caution. Green Leaf Money has a secure website, multiple ways to contact its customer service — including through social media — and an industry-standard privacy policy. However, it may sell your personally identifiable information.

But the most glaring issue is that its online form requests your login information for Credit Karma. While it isn’t required to be connected with a lender, it is a serious red flag. Because of this, using a different connection service or working with a direct lender may be in your best interest.

Green Leaf Money reviews and complaints

Like most connection services, Green Leaf Money doesn’t have many customer reviews. Because it uses loan stacking, the one of its most recent reviews on Trustpilot states that Green Leaf Money harmed their credit score and overpaid credit cards in their name. And when Green Leaf Money responded to the complaint, it laid much of the fault with the borrower — which is not a good sign for its customer service team.

How do I apply?

If you want to use Green Leaf Money’s connection service, follow these steps to get started.

  1. Visit Green Leaf Money’s website and click Get funded.
  2. Enter some basic information about yourself and your business — but know that you are only required to give your email address.
  3. Do not enter your Credit Karma username and password.
  4. Click Submit to send your information.

What happens after I apply?

Green Leaf Money will contact you to discuss your financing options. The exact funding period depends on your business and the loans you qualify for, but in general, Green Leaf Money states that it takes 21 days or less to finalize funding.

How do repayments work with Green Leaf Money?

Your repayments depend on the lender you’re ultimately connected with. If you notice anything wrong with your loan or need to discuss an issue, reach out to your lender’s customer service team to discuss your options.

Green Leaf Money works with a variety of industries. But because it lacks transparency and requests private login information, we recommend comparing other business loans to find a lender that is more upfront about its policies.

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