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CAN SOMEONE HELP ME???

Discussion in 'Studio Lounge' started by MsTeeree, Nov 3, 2004.

  1. MsTeeree

    MsTeeree Guest

    I am trying to help one of my best friends, who co-owns a recording studio in Pana, Illinois (United States), find funding sources (grants, etc...) so that he and his partner may relocate their studio to another part of Illinois and also update their equipment.

    I've been searching federal grant information, but I'm not really finding anything.

    Does anybody have any advice as to where I could start looking -- where I might be able to find a list of possible funding sites?

    I very much appreciate your time and assistance. I just joined this site today and I'm looking forward to meeting/talking to lots of people in the music industry!

    :D
     
  2. Thomas W. Bethel

    Thomas W. Bethel Well-Known Member

    Go to the NARAS site and look there for possible grants having to do with recording.

    Contact your local SBA (Small Business Administration @ alanhayatt@pmi.com) ask if they can direct you to possible sources of funding

    You really don't say what you are recording or what the grant will do for you. If it is just to set up yet another general purpose recording studio I don't think you will find too many grants. If however you are using the studio to record or teach low income students about the art and craft of recording you may be able to find a grant or two. ( a grant meaning someone GIVES you money without the need for repayment) This would also be the case if you doing field recordings of persons of note in the musical world or rare species of animals that would otherwise not be recorded. No one that I know will simply give you a grant to start a general purpose recording studio for the purpose of making money.

    I think you would be better off looking at someone granting you a loan that could be replayed at a low interest rate and that case the SBA and other government agencies would be the people to contact. If you are a minority business person you could also qualify for a number of different funding schemes set up by the government to assist you in starting out.

    Most banks will simply laugh at you if you go in an request a loan to start up a recording studio. There are simply too many failures and the banks already know what will work and what will not and will only loan money on the businesses that may have a chance at being profitable so they can get their money back. You would have a better chance with the federal state or local governments since they are more likely to take risks.

    Many people seek funding from family and friends and some use the equity in their house to take out a home improvement loan that is used to build and equip the studio.

    If you do a search on the internet for small business grants it comes back with over 3 million hits so you can start doing some research on the net.

    FWIW

    -TOM-
     
  3. MsTeeree

    MsTeeree Guest

    Thanks, Tom!

    Thank You, Tom, for all your information. This is not just a general recording studio. I will pass on all your comments to my friend and we will check into our possibilities.

    Once again, thank you for your help! :)
     
  4. oakman

    oakman Guest

    It's also good to remember that Grants have many strings. There are expectations that you have to meet in a given time. It can be kinda' scary. You could end up needing an additional loan just to gear up to make good on your end of the bargain.
     
  5. MsTeeree

    MsTeeree Guest

    oakman -

    uuuuummmmmmm.......okay. :?
     
  6. Bodhi

    Bodhi Active Member

    Maybe check out that book from the crazy Question Mark Suit guy (not the Riddler) with the commercials about how easy it is to get a grant. They've given out grants for some pretty useless crap so you never know. Perhaps they'll give one to record a tree falling in the woods to see if it makes a sound.
     
  7. MsTeeree

    MsTeeree Guest

    Bodhi -


    The Question Mark Suit guy????? :?
     
  8. oakman

    oakman Guest

    That's one iirritating dude! Wonder if he got a grant to buy all that air-time. :)
     
  9. MsTeeree

    MsTeeree Guest

    oakman -

    I think I'm missing something! ????? :?
     
  10. oakman

    oakman Guest

    The question mark suit guy... That's who I'm talking about. Right in the middle of my favorite science show, he always comes on and ruins the the whole feel. :)
     
  11. Don Schenk

    Don Schenk Active Member

    The name of the guy in the question mark suit is Matthew Lesko. He has written (compiled) a telephone book size book about where and how to find almost any and every government grant possible.

    And if you don't want to wait to find his infomercial on TV you can also find his book in book stores and possibly at the library.
     
  12. MsTeeree

    MsTeeree Guest

    Don Schenk -

    Thank you very much for clarifying that for me. I will look for his book in my local bookstores, and if I can't find it there, I'll hit the library shelves.

    Thanks again! :)
     

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