UK Financier Goldfinch Sets Up New Loan Fund For Indie Film & TV Producers

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EXCLUSIVE: UK indie film and TV financier Goldfinch is launching a £500k ($613,000) loan fund for UK film and TV producers during the COVID-19 pandemic. Goldfinch, whose film and TV credits include…

Goldfinch, whose film and TV credits include Noah Schnapp war dramaAinsley’s Caribbean Kitchen

, is offering short term loans, on an interest free basis, against any receivables due to the production company or its productions, subject to due diligence. These include, but are not limited to, VAT, tax credits claims and distribution/ broadcaster/streamer contracts. Goldfinch says the loans will require a minimum upfront admin charge of £2k, and will increase on a sliding scale depending on size and complexity of the loan, to cover legal costs, along with the usual due diligence in order to release the funds, but no interest for the term of the loan will be charged.Goldfinch CEO Kirsty Bell said, “Goldfinch was set up to help the ‘Indie Producer’ in both TV and Film.

Source: Entertainment Trends (entertainmenttrends.net)

 

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