The Juried Sound Recording funding is a grant. For the first phase of the project, FACTOR will contribute 75% of the total eligible budget, to a maximum of  $67,500 (including Radio Marketing) for General Artist (of which up to $10,000 can be spent in the sound recording component); and $77,500 (including Radio Marketing) for Artist 2 (of which up to $15,000 can be spent in the sound recording component.)  Funding is paid out 50% on approval and the remainder on final completion. Juried Sound Recording projects with sales exceeding the qualifying sales threshold may also qualify for a second phase of funding up to $30,000 (General Artist) or $40,000 (Artist 2).

Assessment materials are reviewed and scored by a jury comprised of music industry professionals. The top-scoring applications are then reviewed by FACTOR staff, who assess the eligibility of the projects and costs and make a recommendation to the Board of Directors for their approval. Assessment time is up to 12 weeks from the deadline and may be affected by number of submissions and juror availability.