SHF Holdings, Inc., doing business as Safe Harbor Financial (NASDAQ: SHFS), a facilitator of financial services and credit solutions for the cannabis industry is launching a new portfolio of line of credit products available to cannabis businesses nationwide.
The company’s new line of credit offering expands its growing suite of deposit and credit tools to serve a greater number of cannabis enterprises, including those that have previously faced difficulty obtaining debt financing at reasonable terms. Under these new and expanded programs, Safe Harbor, operating jointly with its financial institution partners, will offer credit facilities ranging from $25,000 to $1 million at market-leading, normalized rates. In many cases, these lines of credit can be obtained without hard collateral.
“This line of credit program further advances our mission of normalizing banking for the cannabis …