DonF
Call Me "Grandpa"
Remember TANSTAAFL. ("There ain't no such thing as a free lunch.")
(I looked at their web site, and am reading between the lines a bit to fill in the information gaps.) You have to have a documented income stream, which they (Stone Street Capital) purchase a portion of. So, yes, it's just a bank loan. It's a "non-recourse" loan, so the lender assumes all risks. That generally translates to a higher interest rate than you could get if you are willing to assume some of the risk.
If you have an income stream, and you need cash now, it could be a good move. It depends on whether you can turn the cash into enough income to justify what it will cost you to get it. If not, you should probably look elsewhere for financing.
Disclaimer: I'm a software engineer, not a financial adviser.
(I looked at their web site, and am reading between the lines a bit to fill in the information gaps.) You have to have a documented income stream, which they (Stone Street Capital) purchase a portion of. So, yes, it's just a bank loan. It's a "non-recourse" loan, so the lender assumes all risks. That generally translates to a higher interest rate than you could get if you are willing to assume some of the risk.
If you have an income stream, and you need cash now, it could be a good move. It depends on whether you can turn the cash into enough income to justify what it will cost you to get it. If not, you should probably look elsewhere for financing.
Disclaimer: I'm a software engineer, not a financial adviser.
D
David Hooper
New member
They also advertising on www.velvetrope.com (also part of Star Polish).
Yes, just a loan for musicians. May be better than a normal bank loan because they cater to the needs of musicians and you'll be able to get approved more easily. When that happens though, you'll usually pay a premium.
Disc Makers used to have some sort of financing to make CDs. May be the same company, but worth checking out if you're in need of a loan.
Yes, just a loan for musicians. May be better than a normal bank loan because they cater to the needs of musicians and you'll be able to get approved more easily. When that happens though, you'll usually pay a premium.
Disc Makers used to have some sort of financing to make CDs. May be the same company, but worth checking out if you're in need of a loan.
distortedrumble
all up in yo grill!
see if theres other people who have done that so you can talk to them