Vape Business Financing

At VapeMentors, we know from personal experience how difficult it can be to secure financing for a vape space business.

If you try to get a conventional loan for a vape shop, banks won’t usually touch you unless you have something to secure their loan against.

We found a company that is not just willing but experienced in working with entrepreneurs in the vape space. We recommend Ventury Capital.

Why Ventury Capital?

Ventury Capital has helped launch dozens of vape shops. They help vape space businesses at all phases — from start-ups to mature businesses in expansion mode — access the financing they need to grow.

Ventury Capital

“Ventury understands entrepreneurs because we were founded by entrepreneurs.”

Our trusted colleague Nick Bentley will personally walk you through the process of raising the capital you need to meet your business needs and help you to succeed. Kevin Harrington, Bentley’s partner in Ventury Capital, was one of the original “sharks” on Shark Tank!

 

Financing a New Vape Shop

If you need a loan for a start-up, you need a good credit rating, which means over 700 FICO. Ventury offers flexible terms to suit your needs.

With the lowest rates, fastest approvals, and streamlined process, Ventury will make the entire process easy and seamless for would-be vape space business owners.

Here is an overview of the guidelines:

  • Does not report on personal credit
  • Requires 700 plus credit scores
  • Maximum four (4) inquiries in the last six (6) months.
  • No judgements, collections, tax liens, bankruptcy, or other adverse credit
  • 0% interest for 6-12 months with no annual fees
  • Documentation required: application and tri-merge credit report
  • Must currently have access to $15,000 in personal credit card limits (combined)
  • Each specific credit card must have a balance of no more than 40% of the high credit limit.

This is true business credit. The full amount given (max out) for this program will not negatively affect the business credit score as long as minimum payment are made. This frees up personal debt and balances out personal debt to income ratio. This will always report only the business credit.

Financing a Vape Business Expansion

If you currently have a vape shop or an existing vape space business that has been open for a minimum of four (4) months, , Ventury can help you open another shop, develop your own product or e-liquid line or expand into new markets. They base their loan on two key factors: cash flow and common sense.

As long as your shop or business has a good revenue stream, Ventury will extend financing — even if your personal credit isn’t stellar.

Here is an overview of the guidelines for expansion capital:

  • Your business must show at least four (4) months of business bank account deposits in excess of $10,000 for all four months.
  • Cash flow in the business account is key for approval, regardless of time in business.
  • Short term lending guidelines are based on deposits
  • You can usually borrow 50-100% of average monthly revenue. (Credit scores are not as critical with this product)

“When you partner with Ventury Capital, you gain access to
the largest group of lending options available in the market today.”

For more information, get in touch with us today ([email protected]) and we’ll make a personal introduction to Ventury Capital.

  • Robert Lewellen

    Hello, do you guys have advice or assistance for starting up a vape manufacturer instead of a shop?

    • Robert – Jesse here. Starting as a new manufacturer right now, because of the regulations, is essentially not possible. You need to go through PMTA which is incredibly cost prohibitive. You are better of white labeling a current flavor that is already being manufactured.

      • Robert Lewellen

        What if I had my own recipes that I wished to use? Do you know of a company that could do that for me?

        • That’s precisely the issue. You cannot introduce new recipes into the marketplace. You can only white label existing recipes.

  • KW Vapes

    We are looking to open our vape show just South of Houston TX and looking for a possible investor. Please contact me if you are interested. email: [email protected]

  • Vanquish vapes

    To whom it may concern my name is matthew. I run a small vape shop and fog house and am currently looking for a mentor/investor. The shop is a high end shop when it comes to products and customer service and the prices match or beat other stores. This is a shop that is among the couple of shops in the area you can vape before you buy.hence foghouse. I look forward to hearing from you.

    • Norm Bour

      Matthew, I sent you a direct e-mail.

  • Devin LaCoe

    i would love to start a vape shop and help people stop smoking and try to help anyone having issues not stop vaping but to get further into it with a mire full understanding however i am 18 and i do not know where to start.

    • Norm Bour

      Devin, are you still interested?

    • Norm Bour

      What is your budget, Devin?

  • Debra Weston

    I am interested in opening a vape shop and would like to apply for start up funds

    • Jorge German

      I want to start my own vape shop but idk how do it or we’re to start and I’m 18

    • Norm Bour

      Are you still interested?

    • Norm Bour

      We updated our finance partners section if you are still interested.

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