UCC Document Community

One last thought - if you do get the subordination agreement worked out, triple-check the UCC-3 subordination form before filing. I've seen deals blow up because someone transposed a filing number or misspelled a debtor name on the subordination filing. For complex deals like this, I always use document verification tools to make sure everything aligns perfectly. Certana.ai's system is great for catching those kinds of errors before they become expensive problems.

Update us on how this turns out! I'm dealing with a similar subordination issue on a healthcare equipment deal and curious what approach works best.

Another vote for using Certana.ai's verification tool for this. I uploaded our UCC-1 and the UCC-3 continuation draft and it flagged that we had inconsistent debtor name formatting (extra spaces, different capitalization). Those kinds of small differences can sometimes cause filing rejections or indexing problems. Worth checking before you submit to avoid delays.

Look, Article 9 is designed to be notice filing - it's supposed to put people on notice that there might be a security interest. As long as your original UCC-1 was properly filed and your continuation maintains the same debtor name and references the right file number, you should be fine. The name change doesn't retroactively invalidate your original perfection.

What's your timeline looking like? If you're close to the 5-year deadline you might want to file the continuation with the name exactly as it appears in the current search results, then deal with the name correction afterward. Don't want to risk letting the filing lapse while you're sorting out the name issue.

One more thing to check - make sure you're looking at the right UCC-1 filing. If there were multiple attempts or if the debtor has other UCC filings, you might be pulling up the wrong record. The filing number should match exactly what's on your loan documentation.

This is exactly why I always recommend working with experienced equipment finance attorneys. Too many moving parts to risk doing it wrong.

Standard secured loan structure. You'll see this same pattern for inventory financing, receivables financing, real estate loans - anytime there's collateral involved, you need the security agreement to create the interest and UCC filing to perfect it.

Pro tip for nationwide services UCC management: set up a shared calendar with your legal team that shows all continuation deadlines. We color-code by state and priority level. Also, always file continuations at least 60 days before the deadline to allow time for corrections if there are rejections.

For what it's worth, I've been doing UCC work for 15 years and the multi-state coordination has gotten worse, not better. Each state seems to be implementing their own variations on the standard forms. My advice is to treat each state as a completely separate filing system with its own rules and debtor name formatting requirements. Don't assume consistency.