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How to Finance Studio Recording Equipment With No Income

Many people have the dream of recording and producing music as a career. The equipment necessary to produce commercial quality products is expensive and takes a fairly large investment. Securing financing for such a project is a challenging endeavor.

Things You'll Need

  • Computer with Internet Access
  • Mission Statement
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Instructions

    • 1

      Develop a mission statement that focuses on the public good. Music for financially troubled youths or abuse victims are good examples. Focus on something that could distinguish your music as a non-profit or a charity.

    • 2

      Apply for non-profit status through your state’s Department of State. Qualifying for a 501c(3) non-profit status differs in each state. http://www.yourstate.gove will provide you with the details for application.

    • 3

      Apply for a bank account using the federal ID number issued to you as a non-profit.

    • 4

      Research federal and state grants that are applicable to your core mission statement. Apply for grants. In some cases, it might be beneficial to seek advice from a grant writer.

    • 5

      Research community funds and loans that may be available based on demographic and community organizations. There are also philanthropic associations available to help in some cases.

Recording Music

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