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I AM A RECIPIENT OF A FACTOR MARKETING AND PROMOTION LOAN, HOW DOES THE REPAYMENT WORK?

April 26, 2017Factor loan Marketing promotion recipient repayment

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I AM A RECIPIENT OF A FACTOR MARKETING AND PROMOTION LOAN, HOW DOES THE REPAYMENT WORK?

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Upon issuing a final payment, FACTOR will notify you of the upcoming royalty reporting period. You will be required to report on all sales from the release of the record for two years from the date of your signed Annex (See reporting periods below). Sales are repaid after selling 1500 units at a rate of $0.50 per unit sold, or $0.05 per single. Sales from retail, offstage or downloads are required to be tracked and reported on.