[brokerCompany]

Who can fund No UCC.
11M/annual revenues. Excellent financials
Behind FCircle
Prefer term 2-4 years 400k
10+M annual revenues. profitable
They have RE but not interested in using it.

[Chambo]

$400,000 over 2 to 4 years...and no UCC? That's a tall order

[J.Celifarco]

400k over 8-12 months no ucc you may have a shot
200k 8-12 month no ucc probably
over 12 months i dont see it

[brokerCompany]

Ok. We will look at smaller offer or shorter term. Only reason for no UCC is they have an SBA loan approval and cannot mess that up with a ucc. SBa will payoff FC

[bdshaw]

If the SBA will pay it off why is the lien a problem?
Bob

[brokerCompany]

SBA is only approved to payoff the current UCC, no new ones.

If the SBA will pay it off why is the lien a problem?
Bob

[Michael Jagiello BGF]

Try Quarterspot, they don't file UCCs to my knowledge

[Michael I]

Try Quarterspot, they don't file UCCs to my knowledge

they max at 150k 18 months

[VFG]

Trying to go silently with the cash advance will not work with SBA. Eventually the SBA lender will request bank statements and the debits will appear and kill the deal. His best bet is to get it with UCC and then move forward with SBA. This way the SBA lender will not think he's making fishy moves or not disclosing liabilities.

[bdshaw]

VFG is correct. Your client must tell the lender if all debts, secured and unsecured.
From the lender's point of view when they find out they will probably,tbi,k the client was trying to get away with something shady and blow that loan up.
Has the client explained the situation to their lender and asked their advice?
If not, why?
Bob