Take control of your film WITH REDSHIFT FINANCES
Production Accounting, Financial Services, and Tax Credit Expertise
HEre to move you forward
RedShift Financial is a production finance and strategic producing company where independent and out-of-town producers can bring their projects and plug into a knowledge base and workforce that knows the local industry and the ins and outs of the IL film ecosystem and IL's Tax Credit program.
ABOUT REDSHIFT
unveil the tax credit opportunities with us
Tax Credit management
RedShift can oversee all steps of the IL tax credit process, including:
Registration of a project with IFO
Collecting all necessary documents (receipts, invoices, etc.)
Submission of the tax credit attestation to a CPA auditor and IFO
tax credit optimization
RedShift can maximize the tax credit by:
Making connections to local vendors and crew (qualified expenditures)
Consulting with producers on strategic cash-flow management and business frameworks
tax credit financing
RedShift is able to help secure debt financing and working capital for a production against the IL tax credit with competitive terms.
tax credit brokerage
Once the final tax credit certificate is received from the IL Film Office. RedShift is able to monetize it using our established network of buyers and brokers, typically within a week of receiving the credit
PROJECT PROCESS FLOW
The process flow a RedShift Financial project follows, from intake to monetization of the tax credit.
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When a project is first brought to RedShift…
Review the budget, project timeline, existing financing, etc.
Analyze budget for IL Tax Credit eligibility
If project is accepted, execute a Statement of Work (SOW)
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Once a project is in development with RedShift…
Consultation
Analyze cash flow and draw down schedule for loan
Draft term sheet
Tax Credit application
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Once a project goes into production…
Execute term sheet
Monitor production and post finances
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Finally, after a project wraps…
Close books
Collect necessary documents and submit attestation
IFO Review
Monetize