Results 26 to 32 of 32
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11-03-2015, 12:45 PM #26
- Join Date
- May 2014
- Posts
- 317
Capify doesn't file a UCC either I believe.
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11-03-2015, 12:55 PM #27
- Join Date
- Dec 2013
- Posts
- 205
I don't think that its the fact of them not filing period. I think it's just that more funders are using companies to file on their behalf... CSC is exploding all over the place... Their growth is outstanding. So while less funders are using themselves + aliases, more are using companies like CSC.
UCC Growth.jpg
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11-03-2015, 01:32 PM #28jotucker1983Guest
Yes, see what I'm finding is that a lot of companies won't even file a UCC on a merchant until they are in the risk category of some sort such as they missed some payments, defaulted altogether, if they are in a higher risk industry, etc.
A lot of companies have been doing this for about two years now though, where they will only file the UCC (either directly or through an alias name) on the higher risk merchants.
Just another reason why calling UCCs is just not a good strategy anymore.
But if I'm a merchant and I find out that the company I'm working with filed this thing called a "UCC" on me that's leading to 10 - 20 phone calls a day tying up my business line, I would be seriously ticked off lol. Even though in certain cases, filing one is needed.
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11-03-2015, 04:53 PM #29
- Join Date
- Dec 2013
- Posts
- 205
No UCC Filing
Hmmm... I guess it's truly a mixed bag!
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11-05-2015, 08:40 AM #30
I believe National Funding only files UCCs above 150K.
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11-05-2015, 11:31 AM #31
We fund the tough stuff with communication and respect for our partner ISO's. No games...
PM me.
#PLAYBOOK Any Sensible Position. Any SIC with Merit.Joe EsparzaFUNDKITE"FinTech High-Risk Funding Table"joseph.e@fundkite.com | 929.999.2700x1008
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11-05-2015, 11:39 AM #32
- Join Date
- Jul 2015
- Location
- NJ
- Posts
- 11
We are a direct lender that doesn't file a UCC.
Dennis Ray
Director
30 Park Rd.
Tinton Falls, N.J. 07724
866-946-8377 Ext 178
dray@americanfundingllc.com
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