Music

The music industry has coexisted with technological changes since its inception, enabling the transition from music as a live and interactive experience to an entertainment industry that encompasses a wider range of alternatives.

background of Musical

Music

"As a non-profit organization, CREA SGR is dedicated to secure and enhance the financing conditions of the Spanish music sector. To achieve this, we strive to understand the unique needs and characteristics of the companies and individuals within the industry. This allows us to accurately assess qualitative and quantitative aspects and offer tailored financing solutions to our clients.
Music is an essential part of Spanish culture, with the average person listening to 22.1 hours of music each week (according to the 2022 IFPI study). As such, we recognize the importance of supporting projects in both recorded and live music. Our approach differs from that of traditional banks as we prioritize understanding our clients' activities and needs to provide customized financing solutions, whether it's short or long-term.
At CREA SGR, we offer financing for a wide range of needs within the music sector, including live music, artists, promoters, festivals, concerts, music venues, booking agents, technical produc

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Cultural Industry GuaranteesMusic

Check out our help is designed to to apply for the guarantee online

FINANCING FOR ARTISTS From 20,000€ Up to 100,000€

Financiación destinada a artistas de la musica para financiar nuevos proyectos. Esta financiación se devolverá con los ingresos derivados de la actividad del artista. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 100,000€
  • Term from 12 months up to 48 months

FINANCING FOR LIVE MUSIC PROMOTERS From 20,000€ Up to 2,000,000€

Financiación destinada a la realización de conciertos y festivales de música. CREA estudiará las necesidades de financiación del proyecto y proveerá una financiación adaptada a este, de forma que la devolución se haga con los ingresos del evento. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 2,000,000€
  • Term from 12 months up to 24 months

FINANCING FOR OTHER AGENTS MUSIC SECTOR From 20,000€ Up to 2,000,000€

Financiación destinada a todos los agentes del sector de la música, tanto de música grabada como de musica en vivo. CREA estudiará una financiación adaptada a las necesidades financieras de cada caso individual. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 2,000,000€
  • Term from 12 months up to 60 months

ProjectsMusic sector

Steps

We help and advise you throughout the whole process

1

Apply for the Guarantee

If you have already explored our website and reviewed our guide, you are now ready to access the 'Apply for your guarantee' section and complete the necessary documentation. Additionally, feel free to call us for an initial consultation.

2

Pre-feasibility analysis

If you have already explored our website and reviewed our guide, you are now ready to access the 'Apply for your guarantee' section and complete the necessary documentation. Additionally, feel free to call us for an initial consultation.

3

Feasibility study

The risk department will carefully review your application and may request additional information to facilitate its approval

4

Process the operation

After CREA approves the financing, our formalization department will reach out to the most suitable bank. Once all the necessary preparations are in place, we will notify you to schedule the signing at the notary's office

*Requirements:
  • Sector
  • SME size (being a small or medium-sized company): self-employed, Ltd., Inc., association, foundation, etc.
  • No payment incidences in official registries (Tax Authorities, Social Security, Cirbe, Asnef, etc.)
  • Have at least one worker (or be self-employed)

Casos de Éxito

ARA MUSIC GROUP
MALLORCA LIVE FESTIVAL
SHAREMUSIC!

¿You still have any doubts?

Frequently Asked Questions (FAQ)

Is it necessary to be a company in order to request a guarantee from CREA SGR?

  • No, CREA can provide guarantees to self-employed individuals and small and medium-sized enterprises (SMEs), but it does not offer guarantees to individuals.

Is it possible to apply for a guarantee from CREA SGR in any sector?

  • No, CREA is the only Spanish Mutual Guarantee Society that exclusively operates within specific sectors, which include the audiovisual, cultural and creative, sports, and gaming and entertainment industries.

Is it required to be a partner of CREA SGR to obtain their guarantee?

  • Yes, it is a prerequisite, as this is what the mutual guarantee is all about, <strong>to help each other by integrating a common fund that facilitates obtaining financing.</strong> But don't worry, you won't have to pay any amount until you have formalized the guarantee with the bank.

    The amount will be 0.5% of the formalized amount, rounded to multiples of 60€ (the nominal value of the social shares).

    This capital is refundable at the expiry of the operation, at which time you can choose to request a refund or remain a Partner of CREA. If you decide to remain a partner, you will continue to receive our advice and information. and you will help this instrument to become stronger.

What documentation is required to be provided?

  • We will request information regarding the project or activity you intend to undertake, as well as fiscal and legal documentation

    you can find the required documentation in the products of each sector.

How do I apply?

  • You must apply online. Our guide is designed to assist you throughout the process.

    Don't worry, for any questions you can contact us through our phone number 915123048 and we will guide you during the entire application process.

What are the CREA SGR's costs?

  • This financing has costs from CREA and costs from the banking institution.

    The CREA's costs are (1):

    • 0,5% Study Commission
    • 1% Annual guarantee commission (2)
    • 0,5% Social shares (refundable upon completion of the operation)

    (1) As long as the operation complies with CREA SGR's risk standard..
    (2) Subsidized cost during the first year for operations in the audiovisual and cultural industry sectors, subject to nominative approval by the Subdirectorate General of Cultural Industries of the Ministry of Culture and availability of funds.

When do I go to the bank, before or after obtaining the guarantee from CREA SGR?

  • You should directly approach CREA to analyze your project and obtain the guarantee. We will take care of all the banking procedures on your behalf.
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If you have a project and you need financing at the best market conditions, apply for your guarantee

Apply for your guarantee Ver Tutorial

Videotutorial de solicitud de aval

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