FREQUENTLY ASKED QUESTIONS

Please browse our frequently asked questions below.

• What is CannaCareLoan?
• Is CannaCareLoan a lender?
• What is the age, ID, and residency status?
• Does using CannaCareLoan affect my credit score?
• What are the rates and terms offered by lenders?
• What type of credit score do I need to be qualified for a loan?
• How will I know if I qualify for a loan?
• How much can I borrow?
• How long does it take for a response?
• If I received a loan offer, do I have to accept it?
• Does receiving a loan offer and accepting it mean I will get a loan?
• If I complete the loan agreement, how and when do I get my money?
• Does CannaCareLoan store my personal information?
• Does my doctor or dispensary have to work with CannacareLoan?
• How do I know my personal information is secure?
• Who do I contact if I have questions about CannaCareLoan?

CannaCareLoan is a consumer finance and technology company. CannaCareLoan brings consumers, medical marijuana dispensaries and medical cannabis doctors, and direct lenders together to help consumers acquire the medical marijuana treatment they need.

Once your form is submitted, the medical marijuana lenders best qualified to give you the maximum approval amount at the best terms will make an offer. Often, you will receive offers within seconds.

You must be 18 or older to be eligible for a unsecured installment loan. You must also have a valid Social Security number, and be a legal U.S. citizen or permanent resident.

To determine if a loan offer will be made to you, CannaCareLoan lending affiliates make a “soft credit pull” that does not initially affect your credit score. If you choose to accept such loan offer, that lending affiliate will then make a “hard credit pull” on your credit report in order to verify information for the loan and this may have a small impact on your score.

Only a lender can provide you with information on their rates and terms. Remember, you are under no obligation to accept any loan offer if the terms are not satisfactory for whatever reason.

CannaCareLoan has multiple lender affiliates that approve a fairly wide range of credit scores, from prime to subprime. While your credit score is an important factor for CannaCareLoan lender affiliates when evaluating your credit application, they look at more than just your score to render a credit decision.

When you submit an application through CannacareLoan, CannaCareLoan submits your data to our lending affiliates real-time. Within a minute or so, if one or more of our lending affiliates qualified you, you will be presented with loan offers.

Medical marijuana loans range from $1,000 up to $5,000. There is no risk, no cost, and no obligation to accept a loan offer.

Once you submit your information, you will receive loan offers within seconds. You can review the terms and decide if it's right for you.

No. You do not have to accept the offer and can simply cancel the loan process.

It usually does but, not always. If, during the data verification and credit report review process, certain data you submitted cannot be verified or other pertinent information from your credit report is revealed, the loan offer may be rescinded by the lending affiliate..

Should you accept the offer, the lending affiliate who approved you will work directly with you to finalize the loan document and then deposit the funds via ACH directly into your designated account. This is usually done within 24 hours, so you can make arrangements to use your financing at one of CannaCareLoan’s network of marijuana dispensaries or medical marijuana doctors.

CannaCareLoan stores some of your personal information but not your social security number! Your SSN is sent to our lending affiliates for your credit evaluation and never stored in our database. For more information, please refer to our Privacy Policy.

No, your medical marijuana doctor or cannabis dispensary is not required to work with us.

CannaCareLoan takes the security of your personal information extremely seriously. We maintain physical, electronic and procedural safeguards that comply with federal law and implement appropriate information security protocols. This site is SHA-2 and 2048-bit encryption.

CannaCareLoan can be reached by email – info@cannacareloan.com.