BoF #28 – Bank Financing with Lisa Wolofsky, National Bank of Canda
Welcome back to Business of Film, episode 28. This week we are joined by Lisa Wolofsky, Manager, International Film Group for the National Bank of Canada. In this episdoe, Lisa shares with us the nuts and bolts of film financing and working with banks. Don’t be fooled by the name of the bank, most of Lisa’s work involves international productions, not just Canadian productions. They finance tax incentives accross borders and provide GAP financing as well. In this episode we cover: – What you should have in place when you approach a bank. – The percentage of a budget typically covered by pre-sales. – Minimum budget levels typically required for GAP financing. – State of the market. – The biggest problem with GAP financing and what to watch out for. Lots of great stuff in this episode and an essential primer if you’ve never worked with a bank before. Please share any thoughts or comments with us below.