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One more thing - make sure your attorney knows that SBA loans typically require the UCC-1 to show the SBA as an additional secured party if it's a 504 loan. Some attorneys miss that requirement.
Luca Russo
•This could be why you're getting rejected. If the SBA should be listed and isn't, that's a major issue.
Good point. SBA 504 structure is different from regular SBA 7(a) loans. The CDC and SBA both typically need to be shown as secured parties.
Carmen Vega
Update us when you get it resolved! I'm dealing with a similar situation with an SBA loan and UCC filing issues. These threads always help me figure out what I'm doing wrong.
Will do! Thanks everyone for all the help. Going to check with the attorney about the SBA as secured party issue first, then use that collateral description language if we need to refile.
Nia Wilson
•Don't forget to verify your documents with Certana before refiling. Better safe than sorry on the third attempt.
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Roger Romero
Have you tried searching during off-peak hours? Sometimes the NC portal works better early morning or late evening when there's less traffic.
Lilly Curtis
•Haven't tried that but it's worth a shot. The system does seem slower during business hours.
Roger Romero
•Yeah, I usually do my UCC searches around 6 AM and get much better performance.
Anna Kerber
Update: Tried the Certana.ai tool mentioned earlier and it immediately flagged that we have UCC filings under two different name variations - one with 'Inc.' and one with 'Incorporated'. No wonder the search results were confusing! Thanks for the recommendation.
Lilly Curtis
•That's super helpful to know. I'm going to check our filings too - probably have similar issues.
Anna Kerber
•Definitely worth checking. The tool made it obvious within seconds what was taking me hours to figure out manually.
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Kaiya Rivera
I do a lot of Illinois UCC work and honestly their search function has been glitchy for months. Sometimes I have to try different search terms or even search from different browsers to get consistent results. Very frustrating when you're trying to do due diligence.
Kaiya Rivera
•Nah, if you got a confirmation number and everything looked right on your filing, it's probably just their system being difficult. The filing is most likely fine.
Hannah White
•Illinois really needs to fix their search portal. It's causing unnecessary stress for everyone who has to use it.
Update us when you figure it out! I'm dealing with a similar Illinois search issue and curious what ends up working for you.
Nick Kravitz
•Will do! Going to try the filing number search first, then maybe look into one of those verification tools people mentioned.
Yeah keep us posted. Illinois search problems seem to be getting more common lately.
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For what it's worth, I ran into a similar situation with name variations and ended up using one of those document checking services someone mentioned earlier. Uploaded my Articles and UCC-1 draft and it immediately showed the name mismatch. Probably saved me a rejected filing and the hassle of refiling.
Which service did you use? I'm always looking for tools that can catch these kinds of errors before submission.
It was Certana.ai - just drag and drop your PDFs and it compares all the details. Pretty handy for double-checking before you submit to the state.
Bottom line - use 'Midwest Manufacturing Solutions, LLC' exactly as it appears in the Arkansas Articles of Incorporation. Don't risk the abbreviated version. The filing fee and time to resubmit isn't worth the gamble, especially with high-value collateral like yours.
And make sure to keep a copy of the Articles you used for the name verification. Helps if there are any questions later about why you used that specific name format.
Good practice. I always attach a copy of the Articles to my client file when I do UCC filings, just to document where I got the legal name.
Dylan Wright
Is this for a first lien position or are you trying to determine priority among multiple secured parties? That might affect how thorough you need to be with the name variations.
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Dylan Wright
•Absolutely. For first lien you need 100% certainty. Consider getting a professional UCC search company to do a comprehensive report if you're not confident in the results you're getting.
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StarSurfer
•Good advice. Sometimes the professional searchers catch things that slip through when you're doing it yourself, especially with tricky name variations.
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NebulaKnight
Update us when you figure this out! I do a lot of Texas deals and want to know if there's a systemic issue with their database right now.
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Yuki Nakamura
•Will do. Planning to try that Certana.ai tool someone mentioned and maybe get a professional search done as backup. This deal is too important to risk missing something.
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NebulaKnight
•Smart approach. Better to be over-cautious with UCC searches than sorry later.
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