[FUNd]

I have a merchant who does not want a ucc 1 filed against him because he has a loc with his bank and does not want them to see the additional ucc.

I know it is probably against the banks paper to get additional funding.

Anyway, thank for the info.

If the bank finds out, they will put the client in default and call his existing LOC due and payable in full. If the client doesn't have the funds to cover it, I can guarantee the bank has a blanket lien on all of the equipment, receivables, and real estate that belong to the company. A pissed off bank will enforce the lien and what you have done is destroyed someones business and put people out of work to make a few dollars.

Maybe just find a better deal, or actually ask the bank to subordinate.