Financing (Financial Management for Music Retail)
Capitalize your business. Music retail requires a substantial amount of capital to become profitable. Instrument rentals are an example of long-term profitable activities that typically require bank financing. Learn the “Three C’s” to borrowing money: credit, character and collateral. Discover the seven items and financial details to provide to your banker when you request a loan, plus 10 tips to enhance your chances of getting a loan. Understand how and why to finance short-term assets with short-term debt and long-term assets with long-term debt. All of this information will help you get the overall financing you need.
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Power our industry’s advocacy efforts by joining the NAMM community, featuring show access, education, discounts, networking, the Global Report and more!