[ralphtomm]

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?

As long as the bank is willing to take a second position on the receivables, we can factor their invoices. we do an intercreditor agreement. it depends on the other assets that the company has whether pnc would do it.


Ralph

FinishLineCapital.com