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Effective June 1, 2022, in order to apply for a loan you must have a leased or owned business location
The state grant funds have been expended and loans will now be funded by the revolving loan fund, which is dependent upon loan repayment to have funds for future loans. We anticipate funds for one to two loans per month. The loan fund balance can be found under CCL data.
CORE Capital, is a 6-year interest-free loan program for cannabis businesses made available through grant funds from the Governor's Office of Business and Economic Development (Go-Biz) Cannabis Equity Grants Program for Local Jurisdictions. Loan repayment funds will be allocated back to the loan program for continuous loan opportunities for CORE participants.
Individuals who meet CORE classifications 1 and 2, and businesses who meet classification 3 and 5 can qualify for an initial and follow-on loans in increments up to $50,000 in accordance with the following:
The largest amount available for an initial, or first-time, loan is $50,000 if an applicant has a signed business lease for a location/premise or owns a location. A Verified CORE individual can apply for $50,000 per person per leased or owned location.
Loan Applicants may apply for additional loans (“Follow-on Loans”) in increments of up to $50,000, without fully re-paying their prior loan(s), as long as they:
Questions may be directed to CORE Capital Loan Program
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