What is SoundCheck Capital?
SoundCheck Capital is a live entertainment financing platform empowering promoters, venues, movie theaters, sport teams and event organizers to access growth & working capital while retaining full ownership of their business.
Whether you need funding for artist deposit, marketing, venue renovation, business expansion, or anything else, SoundCheck Capital offers fast, flexible & transparent financing solutions.
Our platform, utilizing data science built on years of experience funding promoters and venues, offers personalized advances against future Ticket and/or POS sales.
Our clients love us because we move fast, we don’t require any credit score, personal guarantee or monthly payments and our Advance comes with no long-term ticketing contract obligations.
How it works
1. Tell us about your business
We use data related to your promotion business, including your historical ticket and/or POS sales along with proprietary and third party data to determine your financing eligibility - never your personal credit
2. Personalize your advance
Our proprietary platform uses data science, developed from years of experience financing promoters and venues, to offer personalized advances against a percentage of future Ticket and/or POS sales
3. Get Funded
Finalize Advance Agreement and receive funds to your bank account in hours
4. Repay us when you sell Tickets or F&B
With payments synchronized to your Ticket and/or POS Sales, repay us when you sell tickets or F&B. If sales are strong, you repay faster; if one show is soft, you repay less.
FAQs
How do you determine my advance?
Advance eligibility is based on a variety of factors related to your promotion business, including your ticketing and POS volume, time in business and type of events you promote.
How can I use my advance?
SoundCheck advances can be used for any business need, including covering short-term cash flow, paying artists deposit, marketing a show, purchasing equipment, refinancing and paying off debt, renovating an existing venue, opening a new venue, among many other options.
How do I repay my advance?
Payments are made as a fixed percentage of your ticket and/or POS sales until your advance is fully recouped. If sales are strong, you repay faster; if one show is soft, you repay less.
How much does it cost?
SoundCheck charges a fixed fee per ticket or POS transaction until the Advance is fully repaid. This fee will not change regardless of how long it takes to repay the advance. There is no compounding interest or hidden fees, e.g. no application, prepayment, late fees
Can I prepay my advance?
Yes, there are no fees for early repayment.
Can I stay with my current ticketing and POS partners?
Yes. We will never tell you that you have to work with a specific ticketing company or POS vendor. We work with most of the ticketing and POS platforms but in some cases, if your partner isn't able to meet our criteria we might not be able to provide funding.
Does applying for an advance affect my credit score?
No. This is not a loan. Applying for an advance doesn’t affect your credit score.
About us
We are live fans.
We have decades of experience in live entertainment from promotion to ticketing and financing.
Our team has arranged $100+ million in financing for independent venues, promoters, and festivals and has advised Media & Entertainment companies on M&A transactions, for a total value in excess of US$30 billion.
We pioneered the creation of NIVA, the driving force behind the $16 billion Shuttered Venue Operators Grant (SVOG) program passed by Congress in December 2020.
We have your back.