Work Item
ASTM WK91832
New Guide for Social Equity Lending Standard Guidelines
1. Scope
This proposal is to establish standard guidelines for requirements for State Agencies and Regulatory Bodies that seek to provide access to capital via Social Equity Lending and Commercial Loans for Commerical Cannabis Companies. It is intended to provide comprehensive underwriting metrics criteria that consider the disadvantages and advantages of offering provisions for diverse business owners to develop social enterprises internationally for Commerical Cannabis Companies. The goal is to institute a benchmark for state and regulatory agencies to utilize while creating pathways to access capital that will create sustainable businesses in this unique market and economic environment.Keywords
Social Equity; Lending; Loans; Diveristy; Equity; Social EconomicsRationale
Minorities have both advantages and disadvantages when it comes to access to capital. More and more banks have entered the legal cannabis space accepting deposits via checking and savings accounts, but very few have decided to take on the risk of lending.
Work Item Status
Date Initiated: 07-31-2024
Technical Contact: Cimone Casson
Item: 000
Ballot:
Status: