Everything you need to know about the ucc filing

1
EVERYTHING YOU NEED TO KNOW ABOUT THE UCC FILING
www.onlinecheck.com
2
What is UCC Filing?
3
UCC (Uniform Commercial Code) in 1952 published
their first set of laws so that sales and
transactions around the US can go with the flow.
Technically, UCC fillings or liens are a legal
declaration from the lender to notify the
interest in the collateral offered by the
borrower.
4

• Office Equipment
• Receivables
• Inventory
• Huge machinery
• Vehicles
• Real estate and commercial property
• Other valuable asset owned by the borrower.

What assets are eligible for the UCC lien?
5
(No Transcript)
6
Now that you know about UCC Filings, lien and
eligible assets, let us explore the two major
types of UCC Lien.
7
Specific Collateral Lien
8
Blanket Lien
9
How does a lender workaround UCC Filings?

• Name of the borrower along with the address.
• Name of the lender along with the address.
• A clear description of the asset presented as
  collateral.

10
How is UCC Filing relevant to my business?
How is UCC Filing relevant to my business?
Keep yourself updated with the UCC Filings! When
you are applying for a new loan, make sure all
the previous liens are taken care of. Often, a
deal is on the final moment between the lender
and the borrower and somehow UCC liens are still
active. Checking all the filings before
proceeding, is a must!
11
The goal of the Merchant Advisors is to offer the
best business loans to the borrower.

• VISIT TODAY_at_ WWW.ONLINECHECK.COM

12
GET IN TOUCH
E-mail
info_at_merchantadvisors.com
Address
9-5 Novelty Lane Suite B Essex, Ct 06426
Phone
[phone]