So how does it work? We receive 14 months of earnings history for your account from TuneCore, and then our algorithm makes a projection based on those earnings. The amount you see in the field Your Available Balance is what we project you will earn within the next 120 days. We also charge a fee for the advance, which will also be displayed. After entering the amount of the advance you are requesting, the amount you see in the field Advance Total is the total amount you will have to repay.
After submitting your request, you will receive your money via ACH. If it is your first time taking an advance, we will do a bank verification. Once that's completed, the advance will be paid out to your bank account. So, if you are a first time customer and you take an advance today, you should have your money within a few days - pending the verification of your bank account.
Once you agree to take an advance, we collect your sales and streaming earnings from TuneCore until the total advance amount is repaid.
Important Factors to Consider
- We will collect your earnings until the advance is paid in full, which is anticipated at 120 days. However, if your earnings increase during the current period, your advance will pay off early; likewise, if you have a drop in earnings during the current period, it will take longer than projected to recoup the advance.
- Payments must be collected via TuneCore because their system puts an assignment in place on your account automatically, so we can't allow extra payments outside of your TuneCore sales, unless you would like to do a pay off of your total outstanding balance.
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