Unsecured Working Capital...??
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  1. 04-23-2014, 10:08 AM #1
    Ryan Shiroky
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    Unsecured Working Capital...??

    How, is this unsecured financing, when the fund files a UCC lien? Doesn't that make it secured?
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  2. 04-23-2014, 10:47 AM #2
    funding pro
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    It is secured against sales that have not yet happened, so in a sense, yes it is unsecured.
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  3. 04-23-2014, 12:24 PM #3
    Ryan Shiroky
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    i know that, but unsecured is supposed to mean no collateral... placing a UCC lien on a business turns the business itself into collateral...
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