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05-02-2022, 12:30 PM #1
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- Join Date
- Dec 2016
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- 379
Do you ever subordinate your UCC to factoring companies? (trucking)
I've been having a lot of issues lately w/our UCC filings and our trucking merchants. Seems like almost every single day now that we get a request for Subordination or an angry trucking merchant that can't get paid because no factoring company will work w/them given our UCC. It's a catch 22 since if we subordinate, we lose recourse in the event of default, but if we don't we don't get paid anyway because no money is coming in.
What are your guys thoughts in this scenario?
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