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Just want to echo what others said about filing a new UCC-1 immediately if you missed the continuation. Don't wait - every day you're unperfected is risk. Also document everything about when you discovered the issue in case there are any disputes later about priority.
Jayden Reed
•Smart move. And maybe set up better tracking for your other filings so this doesn't happen again!
Nora Brooks
•Definitely recommend using a tool like Certana.ai to double-check all your filing dates and requirements before submitting. Helps catch these kinds of issues before they become problems.
Eli Wang
Update us when you get the new filing done! Always curious to hear how these situations work out.
Will do! Thanks everyone for the help and advice. This forum has been a lifesaver.
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Javier Cruz
Whatever you do, don't rush the filing. SBA deals have enough moving parts already without adding UCC problems to the mix. Take the time to get the collateral description right.
Emma Wilson
•This is solid advice. Better to take an extra day or two than deal with rejection and refiling.
You're right. I'll slow down and make sure everything is properly coordinated before filing. Thanks everyone for the guidance.
Malik Thomas
Just to add - keep copies of everything. SBA audits sometimes happen years later and they'll want to see that your UCC filings properly supported the original loan security.
NeonNebula
•Great point about documentation. SBA has long memories when it comes to loan compliance.
Definitely maintain a full filing record. Helps with any future amendments or continuation filings too.
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Ethan Brown
Once you get it filed, make sure you calendar the continuation date. UCC-1 filings are only good for 5 years in Texas, so you'll need to file a UCC-3 continuation before it lapses.
Ethan Brown
•Smart. I've seen too many lenders miss continuation deadlines and lose their perfected security interest.
That's another thing Certana helps with - it can set up automatic reminders for continuation deadlines when you verify your initial filings.
Sounds like you've got all the basics covered. The key things for Texas UCC-1 forms are exact debtor name from state records, correct organizational ID, and clear collateral description. Take your time and double-check everything before submitting.
Thanks everyone! This has been really helpful. I feel much more confident about getting this filed correctly now.
You're welcome. Better to ask questions upfront than deal with problems later. Good luck with the filing!
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Also remember that UCC searches typically only go back 5-7 years in most states, but some older filings might still be active if they were properly continued. Don't assume a filing is terminated just because it doesn't show up in a standard search - check the lapse dates and continuation history.
Manny Lark
•If there were any filings from 2017-2018, make sure they were continued in 2022-2023 or they would have lapsed by now.
Exactly. And some lenders are sloppy about continuations, so you might find lapsed filings that the creditor thinks are still active.
Lena Schultz
Just went through this same process for our acquisition. Found that searching EIN numbers in some states brought up additional results that name searches missed. Not all states support EIN searches but when they do, it can catch filings under entity names you didn't think to search.
Lena Schultz
•Texas and California definitely do. A few others support it but the search interfaces vary. Worth checking each state's help documentation.
Khalid Howes
•Be careful with EIN searches though - sometimes companies use different EINs for different divisions or subsidiaries.
Layla Mendes
I actually tried that Certana tool someone mentioned earlier and it caught an issue I never would have noticed. My security agreement said 'all equipment used in business operations' but my UCC-1 draft just said 'equipment' - apparently that could cause problems if there's ever a dispute about what's covered.
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Maya Patel
•Wow, that's a subtle difference I definitely wouldn't have caught. Good to know there are tools that can spot stuff like that.
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Aria Park
•Yeah, it's those little inconsistencies that can really bite you later when you least expect it.
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Natalie Adams
Just remember that even with a perfect security agreement, your UCC-1 filing still needs to be done correctly. Make sure you understand the filing requirements for your state and don't rush the UCC-1 just because you spent time getting the security agreement right.
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Elijah O'Reilly
•True, I've seen people nail the security agreement then mess up simple stuff like the debtor name format on the UCC-1.
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Maya Patel
•Thanks everyone, this has been really helpful. I think I'll use an SBA template but definitely double-check everything before filing the UCC-1.
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