Affordable Solutions for Small Businesses
What Our Clients Say
Banking with Abaca has made issuing and receiving payments easy with options for old school and electronic payments. Receiving payments from dispensaries and paying our vendors is so easy.
You would think ancillary businesses in the cannabis industry would have an easier time getting a bank account, but that is not the case. Abaca has enabled our testing lab to access traditional banking. Abaca enables my cultivator customers to pay electronically, and not with cash. We love their web interface.
The folks at Abaca are always quick to help us solve our payment issues and provide assistance to improve our process.
How it Works
Tell us about your specific business and needs. We’ll send you general information or you can request a full quote.
Our seamless and automated process collects the information we need to get you set up.
Your dedicated Abaca rep will get you set up so you can stay focused on your business.
Make your first deposit and unlock secure, reliable banking.
Get Started with Banking
Flexible capabilities and prices for your cannabusiness
How it Works
Tell us about your unique business. We’ll send you options and numbers so you can decide if AbacaPay is right for you.
Set it Up
Implementation is as simple as adding a terminal and connecting it to the internet. And it’s all supported by your dedicated Abaca representative.
Swipe your customers’ cards and boost profits.
Get Started with AbacaPay
You’re making money, so why can’t you get a loan to grow? With Abaca’s Term Loans, operators can skip the long waits and complicated processes and get back to business.
- $50K-$250K available loan size
- Installment loan with six-month grace period
- Qualify in 24-48 hours
- Funds in two business days on average
Loans should be designed to support your size business. For many, cash-flow-based loans just aren’t enough. Leverage your assets to more rapidly scale your business.
- $250K-$5M available loan size
- Typically funds in 4-8 weeks
- Competitive rates available, dependent on collateral and guaranty structure
Get Started With Abaca Lending
Every business is different so every loan is different. Here are some recent loans:
refinance of an existing 63,000 sq. ft. licensed medical cannabis cultivation facility.
construction loan and permanent financing for a new medical cannabis dispensary.
revolving LOC to fund acquisition of ownership interest in and recapitalization of a licensed medical cannabis cultivation facility.
Recent blog posts and articles
Normalization of retail payments and merchant services will open the door to a new era of cannabis e-commerce. When consumers can use a credit card to order their [...]
This Earth Day we are reflecting on sustainability in financial services. While many advancements -- specifically the adoption of electronic payments -- have been made in financial [...]
Many cannabis operators still run primarily cash businesses, which creates a challenge when it comes to everyday things like paying employees, purchasing inventory or buying [...]