Entertainment Finance is for companies, artists or athletes working in the sports and entertainment industries that need access to capital. Production and mastering studios that land large contracts with major networks will often use Entertainment Finance to to help with the increased payroll cost and length of time they have to wait to get paid by the big studios.
The most common types of entertainment funding are:
- Receivables Finance
- Contract Finance
- Invoice Factoring
- Spot Factoring
- Merchant Funding
The type of Entertainment Finance that is needed is typically based on the nature of the payment terms with the producer. Studios providing mix-down and mastering services on an hourly basis to large networks usually benefit from Invoice Factoring, Spot Factoring or Merchant Funding. Athletes and musical artists with contracts can benefit from contract finance.
If you own a company and you are providing services to credit worthy customers, you may be approved for financing despite personal credit issues. If you are an athlete or an entertainer, the financing will be more heavily weighted on your personal credit history.
While there are several forms of Entertainment Finance available, each has its positives and negatives. In many cases more than one form of financing can be used to generate capital. Choosing the right working capital facility with the right lender can make all the difference.
Call us now at 855-424-2958 to discuss your entertainment finance options! Or fax us at (855) 450-0885.
Customized Financing Options
Asset Based Lending
Revolving lines of credit up to $20,000,000
Accounts Receivable Factoring
No minimums, up to $20,000,000
Secondary lines of credit for ABL or Factoring
Equipment & inventory facilities
Great for staffing & temp agencies