Technological advancements brought great changes to the film industry. New platforms rose and created several ways to enjoy a film; this also means an increase in competition. Recent trend shows that most viewers prefer to watch from the confines of their home than movie theaters. Online streaming sites have sprouted here and there to provide this convenience. These streaming sites tap into several industries making tv and movies change their traditional practices. With all the fast changes happening in the entertainment industry, Media Companies need to explore, innovate and get extra creative, not to mention increase their research and marketing capacity and all these require additional capital. Film and media are lucrative ventures but the risks are very high. Very few lenders would invest in such a high-risk industry. WeCompete Lenders has a wide network of lenders that invest on the potential of businesses. Recently, we granted loans to a media company for its expansion project. A $350,000 term loan was processed for the needs of the clients, and an additional $150,000 was provided through an advance. This allowed the company to go through with their projects and now they are generating double their monthly revenue.   Several types of working capital solutions can be used to finance media ventures. Here are some of them: Line of Credit - This working capital solution allows businesses to get additional financing without going through another review or underwriting process. With a LOC, the merchant and lender agree on a maximum amount which the merchant can draw. The merchant can choose whether or not he utilizes the maximum amount. One major advantage is, the merchant shall only pay the interest for the amount he drew and not the maximum credit limit. A LOC for media companies is advantageous because it can be used for any sudden expenses. Merchant Cash Advance - Getting an advance on your future receivables is the fastest way to get working capital without going through a long process and tedious paperwork. MCAs are technically not loans. They are advances made on the future revenues of the company. Once the lump sum is provided to the media company, the repayment is daily or weekly deductions from the company’s account. Similar to LOCs, MCAs can be used for nonspecific purposes. Term Loans - This can be divided into several types based on the length of the maturity period. Known as one of the oldest types of financing options, term loans are often availed by longstanding companies. Unlike a LOC and an MCA, it is a bit more difficult to get approved for one. The process can take weeks but it is a long-term solution to financial instability. This loan can be secured or unsecured and the rates are comparatively lower compared to the other two loans.   Most funding for media companies are approached through equity but these can also be debt financing solutions if need be. WeCompete Lenders provides alternative options for all media companies whether they seek financing for equity or debt. Should you have any questions about our working capital solutions, reach out to us at [email protected] or call us at +1 (844) 516-0633.