StarFunderTM is the next big thing in helping musicians reach their dreams to becoming stars. Simply put, their fans/supporters provide microloans at the lowest possible interest rate. StarFunder currently works with the leading microfunding and microfinancing organizations to handle all aspects of the campaign. We simply take a 5% administration and project management fee for our work.
“How does our microfunding/loan program work?”
Here are the essential steps of the process in which StarFunder provides funding:
1. A proposed project is brought to StarFunder by a musician. After an initial discussion with the artist to determine whether our business model is a good fit, the artist and StarFunder enter into an agreement and StarFunder initiates the starfunding campaign on behalf of the artist/project.
2. Once the campaign starts, StarFunder solicits funding from the band’s or musician’s fans, and/or other investors using a variety of existing platforms.
3. Of the money raised by StarFunder, 5% goes to StarFunder for administrative expenses and project management/oversight. The interest paid to the investors and fundraising site varies from platform to platform and typically ranges from 7.5% to 25% depending upon the terms and conditions of the loan
4. Musicians are required to pay back the funding site (determined beforehand between StarFunder and the musicians) based upon the agreement.
TO BEGIN THE PROCESS, JUST EMAIL LOANS@STARFUNDER.COM or CALL 818 219 6273