Musicians and Songwriters: Access to Royalties Faster Through Factoring
Musicians and songwriters often depend on their income derived from royalty payments to cover living expenses. The problem with royalty income is the time between knowing what royalties are due and receiving the actual payment. The span of time between notification of royalties due and receipt of payment can be as long as 90 days.
Even after this initial waiting period, collecting ongoing royalty payments involve substantial waiting periods since artists often work with some who pay quarterly, others pay twice a year, and still others pay annually. This is problematic because let’s face it, while waiting for your royalty payments, your bills are not going to stop arriving and your due dates are unlikely to change.
Improving Your Bottom Line
One of the options you have available is selling off your intellectual property for an upfront lump-sum payment against your future royalties. The problem with this is once you do that, you often lose the rights to the underlying song(s). Some of these transactions involve turning over all the rights you have to future royalties. Imagine losing future income for the potential of getting cash today to pay taxes, your mortgage, or to help make sure your child’s tuition is paid for.
WE HAVE A BETTER OPTION!
What Capstone Does Different
No one knows better than you when your royalty payments can be expected. However, if you do not want to wait for months to collect on those payments, you are probably looking for options. Capstone offers an option we are sure you can live with. Here’s what we can do for you that others may not be willing to do:
- You retain the rights to your music
- You decide which royalties you want to use as collateral for cash advances
- You get cash against your royalties in as little as a week from an application being approved
- After the first transaction, you can use your royalties as often or as little as you choose and funding can occur within 24 to 48 hours of your request.
You might be wondering how any of this is possible. That’s because at Capstone, we have built our company on serving those industries that banks can no longer service due to regulatory changes. If you are in one of those industries you may have few options to access the working capital you need.
Never Again Worry About Cash Flow
We know that when cash is a problem you are often forced to borrow from friends, family, or take out loans with onerous interest rates just to make ends meet. Our goal has always been to make sure we are offering services to those who might not find a bank is their best option for getting immediate cash.
At Capstone, we help those who need immediate cash flow for paying taxes and other bills. We will work with you to leverage the royalties you are anticipating in a way that is most feasible for your needs and you always retain complete control over the process.
Whether you need to fulfill a one-time need, or you are looking for a long-term cash flow based on your royalties, Capstone can help. We will take the time to understand your goals and your needs and help put a plan in place that helps you fulfill them. No more worrying about whether you can meet your next month’s financial needs, no more guessing whether a royalty check will arrive in time to pay the next tax bill, and no risk of losing your intellectual property rights.
Capstone is here to help! Learn more about our innovative way to obtain instant cash flow for royalties factoring for musicians. We can help you ease your cash flow concerns today. Contact us at (212) 755-3636, or fill out our online contact form. Let us show you how simple this process can be and help you get access today for the royalties you have worked so hard to develop.