Lyric Financial’s royalty advance program was developed especially for artists, songwriters, producers, and publishers who earn at least $5000 in royalties annually. This easy-to-use service allows you to draw against your future royalty earnings for whatever your need.
A royalty advance is not a loan – which means that you are not responsible for making payments and there are no credit hassles. You can usually get the money you need within a few days of your application.
We now offer labels a solution for advancing against digital sales receivables and digital performance royalties. This option is perfect for labels to cover short term costs from catalog purchases, signing advances, marketing, and more.
Like our Royalty Advance solution, label advances are not a loan, making them perfect for getting the money you need now without the hassles of monthly payments and credit checks.
Today’s artist is faced with a radically different business model than past generations. The economics of your business have now shifted from profit-per-unit of music to profit-per-fan.
Lyric’s direct-to-fan funding provides you with an easy-to-use online program to leverage your existing fan base and raise the funds you need for recording, touring, promotion, etc. If you have an existing fan base, it’s time to take control of your career and finances. Many artists are already qualified and don’t even know it!
Lyric Financial offers an array of other options, including tour support advances, royalty-based credit lines, catalog financing and more. Please contact us for more information.