Q: What information do I need to provide?
A: Simply fill out the brief client information form on this Web site, including your royalty income for the past 3-5 years and a customer service representative will contact you shortly.
Q: How much revolving credit can I qualify for?
A: Your credit ceiling is determined by the viability of your royalty stream. There is no maximum amount.
Q: How is my loan paid back?
A: Your royalty stream is redirected to us, as an alternative payee. This temporary assignment satisfies the payments due on your loan. The temporary assignment terminates upon final payment.
Q: How quickly can I get cash?
A: In many cases, we can distribute funds within 48 hours of due diligence being completed and loan documents being executed.
Q: How does the money get to my account?
A: The cash will either be wired directly into your designated bank account for a small fee, or a check can be made out to you.
Q: How long does my revolving credit line last?
A: Typically, our revolving credit lines are open for 3 months to one year. At the close of that period you enter the repayment phase.
Q: What if I have bad credit?
A: Even if you have a poor personal credit history you are still an excellent candidate for a revolving credit line. Our loans are based off the viability of your royalty stream.
Q: Am I personally liable for repayment?
A: Your royalty stream covers the repayment. We assume the risk related to the value of your royalties.
Q: Why do you require a report of my earnings history?
A: We base our calculations of the amount of capital we can lend from your earnings history.
Q: Do I need an attorney or an accountant to open a revolving credit line?
A: If you wish to have your accountant or attorney work with us on processing your royalty advance request, we will be happy to work with them.
Q: What fees might I be charged in association with my loan?
A: There are minor fees associated with due diligence and administrative costs.
Q: What if I have a lien from the IRS?
A: There are instances where we can work with the IRS and qualify you for an advance.
Q: Once my revolving credit line is open. How do I withdraw cash?
A: You may notify us through our Web site advancedroyaltytracking.com or by phone at 877-351-1991.
Q: Are there any prepayment penalties?
A: We do not charge prepayment penalties. You will not be penalized for paying off your revolving credit line early.
Q: Will ART accept multiple assignments?
A: Yes, we will accept multiple assignments in order to give you access to a larger amount of capital.
Q: What type of royalties do you accept?
A: We accept all kinds of royalties. Any individual with a viable royalty stream can receive a revolving credit line whether they are a musician, artist, patent holder, author, publisher, etc.
Q: Does ART also purchase royalties?
A: Yes, if you wish to sell your catalog or royalty stream we can purchase it. Please contact an ART representative to discuss this option.