[len@accfunding.com]

I have a merchant who can not have a UCC filed against him because of his existing factoring agreement he has in place. Outside of Quarterspot, who doesn't file a UCC.

[bdshaw]

the factor will probably just ask for a subordination from the MCA lender.

[funded]

New era lending

[BB_Cooper]

Cooper will work with a merchant with an existing factoring arrangement in place, by executing the subordination form or foregoing the UCC filing-

Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
logo-01smaller.jpg

[GMFunding]

Rapid rarely files UCC's, Swift as well.

[jotucker1983]

Many companies aren't filing UCCs on their merchants at all, unless a merchant is a "risky" client. But as was mentioned, if a UCC is going to be filed, then a sub-ordinate agreement would likely be utilized in this case.

[len@accfunding.com]

The problem is, the merchant has a real concern about having an issue with his factoring company. He told us this from the onset that he doesn't want a UCC filed against him nor does he even want to mention this transaction to his factoring company. Anyways the UCC that his factoring company filed has priority over any future UCC.

[Steven_O]

I have a lender who doesn't require UCC or PG... and amortizes like a traditional loan. If you're interested, send me your paper to: sruiz@oneparkfinancial.com - we can do a 50/50 split on the commish.

Needs to have:

Score over 550
More than 2 employees

[Fund_It]

I have a merchant who can not have a UCC filed against him because of his existing factoring agreement he has in place. Outside of Quarterspot, who doesn't file a UCC.

Sounds like the same client I have been in conversation with

[tommy]

Quarterspot does not file a UCC and has amazing pricing if the parameters are met. They can do a 9 month and 12 month. I have even seen them so 12 month on a second position. They just lowered dl credit to 550 and the whole process is fast. Most importantly, they don't let your file out the back door. They do not have an internal sales force. They pay fair but give the best pricing and true amortization on the advance. Every deal I have done has been a winner.

[len@accfunding.com]

What state is your merchant in?

Sounds like the same client I have been in conversation with

[GoodCustomerService]

Most sub-prime funders don't file UCC's unless it's a defaulted/collections merchant. Some do in California only. All Prime funders file UCC's. Some use aliases.

[Fund_It]

What state is your merchant in?

PA

[MCAVeteran]

Most business loans have a security interest and file uccs. The business advance contracts may have different language case by case and depending on the co. Two diff products and contracts