Home / Business and Economy / Launch Financing Scales Up Indie Film Loans with $15M Facility

Launch Financing Scales Up Indie Film Loans with $15M Facility

14 Oct

Summary

Launch Financing secured a $15 million credit facility for indie film loans.
The funds will expand short-term lending in the U.S., Canada, and UK.
The facility aims to expedite production cash flow and lender closing processes.

Launch Financing, a film finance specialist, has secured a $15 million senior credit facility from Pier Asset Management. This marks the company's first institutional warehouse facility, with the potential to expand to $25 million.

The new funding allows Launch Financing to significantly increase its short-term gap lending for independent film productions. These services will be available in the United States, Canada, and the United Kingdom.

Chris K. Daniels, CEO of The Launch Company, highlighted the facility's aim to address production cash flow challenges. The company offers rapid loan processing, with funds typically wired within 48 hours of signing, supporting producers during critical pre-production and shooting phases.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.