Comments on: Do banks give loans to writers to publish their work once the manuscript is ready? http://www.debt-loans.biz/blog/loansquestions/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/ Call 888-653-9681 To Get Debt Help Now! Tue, 07 Feb 2012 17:29:02 +0000 http://wordpress.org/?v=2.6.5 By: Dai Alanye http://www.debt-loans.biz/blog/loansquestions/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/#comment-17250 Dai Alanye Sat, 26 Dec 2009 21:03:44 +0000 http://www.debt-loans.biz/blog/books-authors/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/#comment-17250 Actually, a bank will lend you money for almost any legal purpose. Only thing is, you must have collateral, and a wanna-be book ain't it. Besides which, if you need money to publish you aren't dealing with a legitimate publisher. Dai Alanye Actually, a bank will lend you money for almost any legal purpose. Only thing is, you must have collateral, and a wanna-be book ain’t it.

Besides which, if you need money to publish you aren’t dealing with a legitimate publisher.

Dai Alanye

]]> By: Maryn Bittner http://www.debt-loans.biz/blog/loansquestions/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/#comment-17249 Maryn Bittner Fri, 25 Dec 2009 23:27:20 +0000 http://www.debt-loans.biz/blog/books-authors/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/#comment-17249 No, Red. The earn-out for pay-to-publish books is almost never reached, so the loan would be a very poor risk for the bank. Regardless of the book's quality and your efforts to market it, you're likely to sell between 40 and 60 copies, maybe as high as 100, of a self-published work of fiction. That won't bring you enough to repay your loan. In a way, a normal publisher (the kind that pays you) is taking the risk that the bank won't, gambling that between your writing and their printing, distribution, and marketing, they'll make money. That's why they're so choosy about what books they'll buy. No, Red. The earn-out for pay-to-publish books is almost never reached, so the loan would be a very poor risk for the bank.

Regardless of the book’s quality and your efforts to market it, you’re likely to sell between 40 and 60 copies, maybe as high as 100, of a self-published work of fiction. That won’t bring you enough to repay your loan.

In a way, a normal publisher (the kind that pays you) is taking the risk that the bank won’t, gambling that between your writing and their printing, distribution, and marketing, they’ll make money. That’s why they’re so choosy about what books they’ll buy.

]]> By: Billy Shat http://www.debt-loans.biz/blog/loansquestions/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/#comment-17248 Billy Shat Wed, 23 Dec 2009 17:16:23 +0000 http://www.debt-loans.biz/blog/books-authors/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/#comment-17248 Nope. Writers get financed by publishing companies once they have read and liked a partial manuscript. (I forget what the actual term is) Nope. Writers get financed by publishing companies once they have read and liked a partial manuscript. (I forget what the actual term is)

]]> By: Sara B http://www.debt-loans.biz/blog/loansquestions/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/#comment-17247 Sara B Wed, 23 Dec 2009 14:38:56 +0000 http://www.debt-loans.biz/blog/books-authors/do-banks-give-loans-to-writers-to-publish-their-work-once-the-manuscript-is-ready/#comment-17247 nope. I've never heard of this. Maybe try writing grants? If your ms. is picked up by a publisher, you'll get an advance. nope. I’ve never heard of this. Maybe try writing grants?

If your ms. is picked up by a publisher, you’ll get an advance.

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