Being a part of the music industry is like no other job. There’s a creative energy and a passion for breaking new ground that drives everything. But it can be unpredictable, especially financially, which can make planning for your future a constant challenge.
At First Tennessee, our art is taking the disconnected and sometimes confusing parts of your financial life or that of your business and blending them together in a way that feels like pure harmony. Our Music Industry Group is dedicated to serving the music industry exclusively and has extensive, hands-on experience hitting the right financial notes for our clients.
|BUSINESS SERVICES||PERSONAL SERVICES|
|Lines of credit for seasonal needs (i.e., touring line, festivals, etc.)||Personal deposits|
|Term loan for facilities expansion||Foreign currency exchange|
|Structured credit for catalog acquisition and songwriter contract advances||Family office services, offering a fully outsourced solution to managing the financial and investment needs of an affluent individual or family|
|Equipment financing for staging, lighting, studio equipment, tour buses, tractor trailers, FF&E, etc.||Interest rate swaps|
|Commercial credit facilities||Investment management services|
|Royalty advance loans|
|Intellectual property financing|
|Music business investments and acquisitions|
|ACH risk exposure|
|Letters of Credit|