Is a Spilix advance a loan? Is there interest?
Not a loan. This is an advance — Spilix buys forward a portion of your future royalties. No interest. If revenue doesn’t hit projections, you don’t owe — the risk is on Spilix.
Not a loan. This is an advance — Spilix buys forward a portion of your future royalties. No interest. If revenue doesn’t hit projections, you don’t owe — the risk is on Spilix.