[Chambo]

I have a merchant with a PNC Bank UCC filed against the legal name. The UCC covers his invoices/receivables. The merchant doesn't factor his invoice right now. I think the UCC is blank to protect PNC on a general business loan. Has anyone ever heard of a invoice factoring company taking second UCC position?

They demand first position....and they bank most likely did tha due to a loan of some sort. NO WAY they will take second position to a factoring company....EVER

[AndyYSCISOdept]

They demand first position....and they bank most likely did tha due to a loan of some sort. NO WAY they will take second position to a factoring company....EVER

I've definitely never heard of any Factoring company taking second position. Would be interested to know if one exists anywhere.