(212) 838-4840
Contact
505 Park Ave
New York, New York 10022
USA
Address:
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Phone:
(212) 838-4824
DEAN LANDIS
Dean represents the third generation of his family to own and manage a finance company. Dean has worked closely with hundreds of companies to provide working capital and other services. Dean joined his family business, United Credit Corp., in 1991 and started its invoice discounting division known as Patriot Funding. Dean sold United to Finova Capital in 1998 and led its Growth Finance Division. Two years later, Dean re-purchased the Company and renamed it Entrepreneur Growth Capital. Dean is also the Founder and CEO of Credit Cash LLC, a fast growing merchant advance company. Prior to entering commercial finance, Dean was an associate at Bear Stearns & Company and an analyst at Merrill Lynch Capital Markets. Dean received his MBA from Northwestern’s Kellogg Graduate School of Management and his BA from Duke University. Dean serves on the Board of Trustees of the Randall's Island Parks Alliance.
Todd Sherer
A 25 year veteran of the finance industry and as one of the Founders and the Director of Business Development for Kind Growth Capital, Todd has provided over $50 million in debt financing to cannabis companies. Todd is also the Director of Business Development for Entrepreneur Growth Capital and Credit Cash, national commercial finance companies, where he has originated well over $150 million for dozens of borrowers in a wide variety of industries. In addition to Todd’s finance expertise, he is active in politics and government, including serving as Treasurer for a regional utility authority, Chairman of a municipal planning board and District Chairman of a political party.
Maria Espinel
Maria has been in asset based lending for over thirty years. She began her career at the New York based Abrams & Company. She spent nearly 20 years at United Credit Corp. and Finova Capital. She has been at EGC since its inception and currently serves as its COO. Maria has an under graduate degree from Baruch College and taken several finance and accounting courses at City College. She is the past President of the Commercial Finance League and is currently serving as its Co-Chair.
Knowledgable and Experienced
The Executive Team
Recent Transactions
Client 1
$8.5 Million Credit Facilty
Kind Growth Capital has provided multiple debt facilities to a dynamic management team allowing them to grow their business to be one of the largest vertically integrated cannabis cultivators/retailers in the country with locations nationwide. "The support of Kind Growth Capital has been a critical component of our success. Having access to traditional commercial finance loans has provided us with a competitive advantage and permitted us to grow our business with confidence across several states," stated the Chief Executive Officer.
Client 2
$5 Million Revolving Line of Credit
The largest, consumer facing technology company in the cannabis market required a traditional line of credit in order to grow their business and take advantage of new market opportunities. Kind Growth Capital established a competitively priced working capital facility that allowed the technology company to maintain its rapid growth. Todd Sherer, KGC's director of Business Development adds, "Our financing has recently helped our client fund an important acquisition and maintain their industry leadership position. We expect to grow our line of credit in order to keep pace with their rapid expansion."
Client 3
$1 Million Term Loan
A start up marihuana extraction facility required CapEx financing in order to complete construction and to purchase and install specialized equipment. Kind Growth Capital was able to fulfill the borrower's financing requirement due to its experience with the borrower's contracted customers. "What sets Kind Growth Capital apart is their years of experience in the cannabis market. They understand the cannabis business and know the operators," remarked the Executive Vice President of the marijuana extraction facility.
Client 4
$250,000 Term Loan
A loan broker who was experienced in the legal marijuana market turned to Kind Growth Capital when his client required working capital financing. The borrower had previously obtained very expensive "MCA" financing and was unhappy paying extremely high rates to secure capital for their business. The owner said, "Not only was Kind Growth Capital able to provide the financing I required, they did it at literally half the rate I paid previously."
Client 5
$750,000 Revolving Line of Credit
Kind Growth Capital was able to provide a revolving line of credit to a well-establoshed cannabis brand. Kind Growth's line is based upon the brand's trailing monthly cash glow and will grow as the borrower's business continues to scale up. "The unique experience Kind Growth Capital brings to the cannabis industry is not only decades of experience of commercial lending, but its heritage of innovative loan products that meet their borrower's financing requirements," added Todd Sherer, Director of Business Development at Kind Growth Capital.
Client 6
$900,000 Term Loan
A multi-unit retailer required financing in order to remodel and reimage several retail locations. Kind Growth Capital quickly provided a term facility that the borrower was able to draw down on in several tranches. This allowed the borrower to obtain the financing needed in an economically feasible structure. The owner of retailer shared, "Because of the ease of acquiring th loan facility and their ability to structure the loan to meet our specific requirements we are going to be using Kind growth Capital later this year for an additional remodeling project as well as a potential acquisition."
Services
Asset Based Lending
Kind Growth Capital provides funding against accounts receivable, inventory, machinery and equipment, and real estate.
Our prime rate based loans focus on companies that choose not to pursue traditional bank financing. Whether it is a fast growth situation, or a turnaround, Kind Growth Capital has the experience and appetite to make quick decisions. By focusing on management and assets, instead of balance sheets and projections, Kind Growth Capital can make loans that banks can not. Because Kind Growth Capital is a lender, and not a venture capitalist, we leave managing your company to you.
Revenue based loans
Provide funding based upon a company's revenues. Typically Kind Growth Capital will provide revolving facility against a borrower's merchant processing.
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A flexible source of capital for a growing business.
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Terms as long as three years.
Term Loans
Fully amortizing credit facilities. These loans are best used for opportunities including expansion, marketing and capital purchases.
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Terms from 6 to 24 months.
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Loan sizes from $150,000-$5,000,000
Our mission
We strive the leading financing source to the legal cannabis industry. We will accomplish this through maintaining the highest level of integrity, creativity, and responsiveness to our clients, employees, and referral partners.
Who we are
Kind Growth Capital is a privately owned, direct lender. We provide a variety of financing options to the legal cannabis industry. We are fast and flexible in our efforts to meet our clients needs.
