Production Finance
Through our subsidiary, CFC Capital, Connecticut Film Center provides co-financing for the production of motion pictures and television.
CFC Capital’s core financing is collateralized through U.S. state and federal incentive programs. Essentially, CFC will advance money to a film company in return for the tax rebate that productions receive for making a movie in certain states. CFC also provides mezzanine gap, equity and traditional debt financing based upon an individual project’s risk factors.
Tax Credit Monetization
In 2007, CFC handled over 70% of the transferable tax credit market in the State of Connecticut, encompassing $300M in production and over $50M in credits. CFC has developed a substantial stable of end-users with an appetite for tax credits throughout the U.S. With the strong demand that CFC has developed, we’ve been able to offer an excellent discount rate to incoming productions. These rates, coupled with CFC’s on-the-ground assistance to producers, set us apart from others that operate in this arena.
CFC Financial Services
In addition to co-financing, CFC provides its production partners with a variety of value-added services at no charge:
- CFC Production Concierge™
- Pre-analysis of production budget to estimate credit capacity and assist in labor and expense accuracy
- Assistance with the pre-certification process to ensure tax credit qualification criteria is met
- Qualified legal structure provided when necessary
- Aide in accounting process for qualified spend and assistance in final application submission upon completion of expenditures
- Interaction with State governing bodies to ensure timely and accurate issuance of credit vouchers
