FAQs

How it works...

Who is Lyric Financial?

Lyric is a financial services company specializing in solutions 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 with a solution that works for you. To learn more about our founder and team visit www.lyricfinancial.com/about/.

Rolling out in early 2017, Lyric will introduce SNAP* vATM, our virtual ATM that allows you to request an advance in less than 60 seconds. Stay tuned for more info!


What royalty organizations and distributors do you work with?

You name it. ASCAP, BMI, SESAC, SoundExchange, Universal, Sony Music and Sony ATV, EMI, Warner Chappell, BMG, The Orchard, Tunecore, Ingrooves, CD Baby, E1 and many more.


How is Lyric Financial different from traditional banks and other royalty advance companies?

Our team is run by people who are passionate about music and who understand the challenges of making a living in the music business. Our financial products are custom designed for music professionals. We pride ourselves on transparency and giving you a straight answer in plain English (no banker talk allowed). Finally, our flexibility and speed of getting you money is the best in the industry.


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 is no credit qualification, no payments to make and you are not responsible for repayment...your royalty organization is. Most importantly, the ownership of your songs is never at risk.  An advance is a good short-term solution… simple, safe, convenient and fast.


How much can I get?

We typically offer up to one year’s worth of projected earnings, however we can offer up to 3 years for qualified catalogs. Apply today as the first step for seeing which program works best for you at www.lyricfinancial.com/advance.


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.


Is the application process difficult?

No. Simply fill out our brief online application. It only takes a couple of minutes. Or call us directly at 615.739.6515. A member of the Lyric Financial team is ready to assist you.


What if I have a lien from the IRS?

There are instances where we can work with the IRS and qualify you for an advance. Call us directly at 615.739.6515.


Am I personally liable for repayment?

No. Your royalty stream covers the repayment. We assume the risk of collecting from your royalty organization.


What if I have bad credit?

Even if you have a poor personal credit history you are still an excellent candidate for an advance. Our advances are based on your projected royalty earnings – not your credit score.


How much does an advance cost?

We have the lowest fees in the business. Our fees are dependent on the product and length of time your advance or loan is expected to be outstanding. We are here to help you – not to hit you over the head with enormous fees. The cost to you is clearly defined upfront…no mumbo jumbo or fast-talking allowed. We dare you to compare!


How quickly can I get my money?

In most cases, we distribute funds to you within 24 hours after your royalty organization approves the advance. Apply today at www.lyricfinancial.com/advance.