Band Finances.

Take a moment to see where you are in your music career and what you need financially to get you where you need to be. I am sure that one or more then one of these methods listed below will help with your music funding without having to seek legal advice with regard to having to refinance or formulate a debt management plan.


I'm sure that you are aware that the types of music career choices as an independent musician can have many financial expenses and in even many cases it is very difficult for many up and comers in the music industry to be able to finance their music dreams. 


Prior to 'cutting to the chase,' there are a couple of seemingly easy, convenient and easy ways to raise funds for your band. The first is a pay day loan. These generally entail a relatively small amount of money being loaned to you for a short period of time. If you take it upon yourself to go for a pay day loan then be it on your own shoulders...not the shoulders of the band or your manager who I am sure would all be none too pleased.


In this entry I will go over a few ways in the hope that one may be able to get music funding to help pay for some of the things that may be needed to help move their music career along. Every thing that I talk about in this article can immediately be implemented if chosen to.


Additionally, seeking cash advances from seemingly 'helpful' sources generally bite you on the backside further on down the road. Any band member who takes it upon themselves to take out a loan, irrespective of ho attractive it seems, in the interest of the band are psychologically distancing themselves from the band. It will lead to unrest.




Like I said, there can be tons of fairly high expenses that a musician may occur when pursuing their music career. Listed below are a few examples of what I'm talking about.

Studio Time - $35-$100 an hour
Music Lessons/Vocal Lessons - $30-$100 + an hour
Sound Equipment - $200- $1,000's
Studio Equipment - $1,000's
Instruments - $100 - $1,000's
Touring Cost - $100's - $1,000's
Promotional Items - $100's-$1,000's

These are just a few of the many examples of how expensive having a music career can be and this is exactly why investing in your music may be needed to accomplish certain tasks related to your music.

Here are some music funding methods that you can try to obtain that can help pay for some of all of your expenses.

A Grant - This is one of the best ways to receive music funding due to the fact that in most cases the grant money does not need to be paid back. Many musicians miss out on this opportunity because they do not take the time to research grants and ho to go about obtaining one, but you should know that grants are real.

Loans - Another great way to receive some music funding is using loans. A small personal loan is not that hard to get. Make sure you go prepared and make sure you know your credit score. Let them know what your plan is for the loan and how you plan on paying it back. The type of loans that I speak of here are not the pay day loans and cash advances that I referred to earlier.

Small Business Loans - If you have a business established for your music career then you can apply for a small business loan. You can also qualify for a loan through the government which will

have a very low interest rate. It's worth searching the internet to locate your nearest local provider of such a service. This is an area for your management to be dealing with.

Credit Cards - They can be a great way to fill short term financing gaps. Try to find a credit card with a low APR or better yet an introductory offer of 0% APR. That way you can get what you need and pay it off later with the lowest amount of finance charges. Again, your management should be dealing with this area....obviously in consultation with your band.



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