What we do for Producers
The Funds receive submissions for financing only from projects that are fully developed, complete with budget breakdown, and ready for evaluation based on our criteria.
- FFF financing is a first-in/first-out loan commitment designed to help productions attract the rest of the capital required to go into production.
- Funds are provided at significantly less than market rate for 20%-25% of the production budget.
- An early buy-out clause enables producers to recoup the loan amount and increase their equity position.
- Contractual provisions will be negotiated for equity participation via “points” at a lower level than for full equity partners.
To review the FFF evaluation criteria, click here.
Critical to the success of any film or television financing program is the ability to accurately evaluate the project to be financed. To mitigate risk to FFF, this specific criteria will be established and rigorously applied during both the evaluation and production process.
- The production to use a bonded third-party collection account management firm to ensure that the FFF receives all funds due from sales proceeds in accordance with a pre-established waterfall agreement.
- Presales or sales estimates from a sales agency that has sold at least $50 million in feature films which are based on the cast and script of the production and which reflect a value of at least 1.5 times the exposure of the FFF investment.
- The production to carry an insurance package from an insurance company rated “A” or higher by A.M. Best Company which must include general liability insurance, workers’ compensation, and key cast and director insurance that covers the costs of disruption or replacement downtime in the event of illness or other loss of services from such individuals. If at least 75 percent of the production’s filming schedule occurs after June 1 and before November 30, the production’s insurance package must include hurricane coverage.
- The production to provide proof of funds for the remaining budget within 60 days after application approval and place the remaining budget in escrow before the release of any FFF funds.
- That the production’s budget, script, and filming schedule have been evaluated and approved by a production expert selected by Florida Film Funds.
- The production budget to include contingency funds in an amount equal to at least 5 percent of the total budget. Up to 40 percent of the contingency funds may be expended during production without the approval of the FFF. The remaining contingency funds may only be expended with prior approval.
- The production to have officially notified and be either under contract or in the process of negotiating a contract with the following labor organizations: SAG-AFTRA, the Directors Guild of America (DGA), the International Alliance of Theatrical Stage Employees (IATSE), and the International Brotherhood of Teamsters (IBT).
- The production to have an agreement in effect with an accredited entertainment payroll services company.
- Staggered release of FFF funds to a production so that full release is dependent on adherence to a pre-determined production schedule.
- The production company to provide FFF with the right to inspect and audit the weekly cost reports and general ledger of the production throughout preproduction, production, and postproduction.