Production Budget

Once you know how much your production budget is, you need to add up your other expenses. Be sure to factor in transportation and airfare expenses, housing and meals, photography, equipment rental, taxes, and of course, distribution. Then you should add your financing costs to that amount.

If you decided to finance your film yourself, you will probably have to pay out a higher percentage of your production finance. This is because you are dealing with your own money, and you are taking a risk.

Remember that it is important to keep in mind what your production cost will be, especially if you are going to use a bank for your financing. Most banks do not approve of any type of loan that is over ten percent of your budget, no matter how high the production cost. If you are not sure about your projected production costs, you should not take out a loan from the bank that high of a percentage.

You can also save money by hiring actors for your film who are willing to do the promotional work on your behalf for less than the normal rate. If you can, you should find a local actor who is able to portray the parts that you are short listed for.

On top of paying for insurance and crew wages, you will probably need to account for these additional production costs at the end of the film’s completion date. In most cases, you can obtain financing by raising the amount of your film’s budget.