TuneCore Direct Advance, powered by Lyric Financial, offers pre-selected TuneCore artists to access advances on their future revenue.
Who Qualifies for Pre-Selection?
- You must have 12 months of continuous earnings totaling at least $870.
- You’ll never be asked to pay back more than you can afford, your advance amounts will be based on your past earnings.
- Qualification for an advance is based on sales history and projected sales from your digital distribution through TuneCore.
You may meet these criteria and still not qualify for an advance through Lyric Financial. Request an advance to find out if you qualify.
How do I repay my advance?
We use money from your incoming sales revenue before it posts to your account, and you'll start accumulating sales again as soon as your advance is paid off.
Your advance will be repaid using your revenue from streams, downloads, and YouTube Content ID. Revenue accrued through TuneCore’s Publishing Administration will not be counted towards your encumbrance.
*Please note: It can take 3-5 business days for your TuneCore sales information to post to your Lyric Financial advance.
Can I take down my music while I have an outstanding balance?
You cannot take down any release in your account until you've paid back your advance in full.
How will I know if I am pre-selected?
In addition to receiving an email, you'll find a new button on your Balance History page that you can use to request an advance at any time. If you aren’t currently pre-selected, you will be notified if you become eligible in the future. Qualification for an advance is based on sales history and projected sales from your digital distribution through TuneCore. You may meet these criteria and still not qualify for an advance. Request an advance to find out if you qualify.
Will I still receive a sales report?
Yes - you'll still see a sales report on your account, but your balance history will reflect a payment toward your advance.
Does this affect my credit?
No, your credit score will not be impacted. You are pre-selected based entirely on your sales history and projected sales from your digital distribution through TuneCore. Lyric Financial does not check your credit, and your credit score has nothing to do with your qualification for TuneCore Direct Advance.
Where can I learn more about Lyric Financial? How can I contact Lyric Financial?
You can view Lyric Financial's FAQs and Contact information here.