Zip Farm Bill Act Promotion
All new insureds receive an APR of 4.99% for Hemp and CBD Financing
Learn More About ZIP Farm Bill Act Promotion
Product Overview
Rates: 4.99%
Terms: 25% down payment repaid over 9 months
Fees: $20 set up fee
Payments: Monthly or Quarterly
Credit Score: All credit types from Poor to Excellent are considered
Documentation: 1-page executed premium finance agreement
The 2018 farm bill or Agriculture Improvement Act of 2018 is United States legislation that reauthorized many expenditures in the prior United States farm bill: the Agricultural Act of 2014. The $867 billion reconciled farm bill was passed by the Senate on December 11, 2018, and by the House on December 12. President Trump signed the Farm Bill into law on December 20, 2018, and the U.S. Department of Agriculture (USDA) promptly began implementing key programs. In addition, USDA held several listening sessions with stakeholders and the public specific to each agency’s respective mission areas. Under the 2018 Farm Bill, there will be more broadly available, legal, CBD products; however, this does not mean that all CBD products are legal moving forward. Knowing your producer and whether they are legal and legitimate will be an important part of consumer research in a post-2018 Farm Bill world.
FAQs
Yes, ZiP is an exclusive partner with Axis Insurance. Please follow the link to get appointed today. Tell them ZiP sent you to enjoy our special program.
- Recreational Marijuana ($3.2 Billion)
- Medical Marijuana($5.1 Billion)
- CBD Oil ($202 Million)
- Hemp ($820 Million)
- CBD & Hemp Growers
- Hemp Products
The cost of running Cannabis businesses are steep, and to make matters worse, the ability to get a small business loan to grow the business can be difficult. It all begins with the fact that the Cannabis industry on a federal level is an illegal small business. Traditional Banks and other lenders, in many cases, operate on and are subject to federal banking laws that make funding a Cannabis business impossible. So, it’s a non-starter if you walk into a bank looking for small business loans.
The good news, there are a few alternative business lenders and funding options, which include the ZIP Premium Finance marketplace, that has filled in the void in funding cannabis-based businesses.
We finance any type of insurance policy including general liability, product liability, work comp, auto, etc.
Not only is it cheaper but the fact remains that business owners who are looking at this product do not qualify for traditional funding. A premium finance loan is a great alternative to access capital for the business when the bank says no! This is an off-balance sheet loan that provides cash flow to help the business.
The fast, convenient and straightforward way to get the money you need for your business – now! Get Your Quote Today by contacting your insurance agent. If your agent does not currently use ZIP Premium Finance, please visit our ZIP TIP page to see how you can receive a $250 instant credit towards your financing or gift card by referring your agent. If you are an insurance agent, but not currently ZIP customer, please fill out our simple form.