Hitting the right note in the music business can be a difficult task, but finding the funds to capture compositions shouldn’t be.
Working in harmony with an accountancy firm, we were able to provide a recording studio in the South West with a £10k business loan that allowed them to renovate their space.
Having operated for 11 years, the company reported profitable numbers that struck a chord with our underwriting team. As a result, the fully unsecured loan was offered within one working day.
The optimism of the studio and their forward thinking plans come as no surprise given recent trends in the sector. In 2016, the UK music industry contributed £4.4bn to the economy, with recorded music contributing £640m to that figure, a rise of 5% on the previous year.
Originally published April 10 2018 , updated February 24 2020