Who is Lyric Financial?
Lyric is a different kind of financial services company, run by music folks for music folks. We speak your language. We specialize in providing funding solutions for music professionals and companies. Lyric, founded by music industry veteran Eli Ball, is guided by an experienced management team and advisory board with decades of successful experience in music and banking. Most importantly, we have worn the music biz jersey and lived the challenges you are facing in building a career or company in the music business. Learn more about our team.
What does Lyric Financial offer?
Unique funding programs designed specifically for music professionals and companies. Whether you are a songwriter in need of an advance to get you through a rough spot, a publisher buying a catalog, a producer needing working capital to develop new talent, or an artist in need of funds to record your next record or support your next tour, Lyric is ready to create a solution that works for you. We offer royalty advances, direct-to-fan funding, catalog financing, and more.
How is Lyric Financial different from traditional banks and royalty advance companies?
Speed and knowledge! Everyone at Lyric has actual music industry experience. We’ve lived through the ups and downs and design financing products specifically for you, the music professional. We make our own rules on who we lend to and how we structure a deal. No pencil pushing corporate types here!
What is a royalty advance and how do I qualify?
It is a cash advance on a royalty earning pipeline that has not yet been paid. You can draw cash immediately for royalties that have not yet been paid by ASCAP, BMI, SESAC, your publisher, or your label. This type of funding is available to all songwriters, producers, and publishers who will earn at least $5000 in royalties during the next year. There is no qualifying; you can get an advance on your future royalties, regardless of credit.* It’s that simple!
What is the difference between a loan and an advance?
Simply put, with a loan you are responsible for making the payments and your songs are pledged as collateral. With an advance you temporarily redirect your royalties to Lyric Financial until the advance is repaid. The ownership of your songs is never at risk. There are no financial statements or legal due diligence. An advance is a good short-term solution… simple, safe, and convenient.
What can I use my royalty advance for?
Anything! You can use it for whatever you’d like. Tour support, recording a new album, holiday gifts for all your friends, taking your kids to the dentist, a tropical vacation. It’s your money, do with it as you please.
How much cash can I advance?
We typically offer up to one year worth of advanced earnings.*
Do I need a manager, attorney, or accountant to represent me?
No. However, if you don’t have one and would like some advice, we are more than happy to provide a list of affordable professionals.
What is Direct-to-Fan funding?
Direct-to-fan is a perfect option for the working artist. If you have a fanbase, you’re already qualified! By leveraging your fan presence, both on- and off-line, you can raise substantial capital to fund your next project, while simultaneously rewarding those fans who are so loyal to you. Read more about direct-to-fan funding and how you can get started.
Can you help me figure out which of my songs are earning royalties?
We don’t track down missing income, but we do have several resources – including publishers and auditors – who can help you determine that sort of thing.
Is the application process difficult?
Nah. Simply fill out our brief online application or call us directly at (615)739-6515. A member of the Lyric Financial team is ready to assist you.
*Fees and charges will apply.