Digital distribution company For Less Digital is now offering online advances to its users.
The service for independent musicians, labels, and copyright holders has launched a Direct Advance, which automates advances based on users’ future distribution sales revenue.
The best part is artists aren’t required to give up ownership of their music.
“With this Direct Advance, independent artists can have full control of their finances while still maintaining total creative control of their music.”
Artists request a cash advance from their FL Balance Page to receive money through PayPal or ACH (Automated Clearing House). Pitched as “hassle-free” and void of all the “time-consuming tasks often associated with obtaining advances”, artists pay a one-time fee and repay the advance automatically from future sales, including streaming and download earnings.