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Liam Brown
I remember being confused about UCC liens when I first started my business. Now I have several and they're all just routine secured loan paperwork. You'll get used to seeing them as your business grows.
True, it becomes second nature after a while. Just another part of commercial lending.
Noah Lee
One more thought - you might want to run a UCC search on your business periodically just to keep tabs on what's out there. Sometimes there are old filings that should have been terminated but weren't.
How did you get that cleaned up?
Had to contact the old lender and provide proof of payment. They filed the termination after some back and forth.
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Zainab Yusuf
Indiana Article 9 filings require exact name matching but their rejection notices are terrible at explaining what's wrong. I'd suggest calling their UCC hotline first thing in the morning - they're usually most helpful early in the day before they get swamped with calls.
Zainab Yusuf
•The main Secretary of State number can transfer you to the UCC division. Sometimes you can get through directly if you ask for Business Services first.
QuantumQuest
•Perfect, I'll try that approach tomorrow morning. Thanks for all the help everyone!
Following this thread because I'm about to file a UCC-1 in Indiana next week. Hoping I don't run into the same name matching issues. Sounds like their system is pretty finicky about exact formatting.
Zainab Yusuf
•Just be extra careful with punctuation and capitalization. Pull a fresh Certificate of Good Standing right before filing.
Will do. Might also check out that Certana thing people mentioned to double-check everything before submitting.
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Another option is to check if your state allows "all assets" or "all personal property" as collateral descriptions. Some states accept that language, others require more specificity. Delaware tends to want more detail though.
Ashley Adams
•I tried "all personal property" initially and that got rejected too. Seems like Delaware wants specific categories listed.
Yeah, Delaware SOS has gotten stricter about generic descriptions. You'll need to list specific types of equipment.
Update on the Certana.ai tool I mentioned earlier - I've used it on three different UCC filings now and it's caught issues every time. Really good at comparing your commercial security agreement definition against your UCC collateral schedule to make sure there are no gaps or inconsistencies. Worth trying before you submit the amended filing.
Natalie Wang
•Anything that helps avoid more rejections sounds good to me. This process is stressful enough without multiple rounds of corrections.
Exactly. The tool is pretty straightforward - just upload your PDFs and it runs through a bunch of consistency checks. Saves a lot of manual review time.
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I ran into something similar and ended up using Certana.ai to organize all my corporate documents and UCC filings before meeting with the lender again. Having everything properly cross-referenced helped me explain the situation better and showed I was on top of the business documentation. Made the conversation more productive.
Sophie Duck
•That's smart. Presentation matters a lot in these situations.
Exactly. When you can show clean UCC documentation and organized corporate records, lenders are more willing to work with you on other issues.
Owen Devar
Update us when you figure out what the lien actually is. These mystery lien situations are always interesting to hear how they resolve.
Will do. Hoping it's something simple like an old contractor lien that just needs a release filed.
Yara Haddad
UPDATE: I filed the correct UCC-1 this morning and it's already been accepted. Ran a UCC search and thankfully no competing liens were filed during my gap period. Still working with legal on the loan covenant issue but feeling much better about the secured position now. Thanks everyone for the quick responses and clarification on the terminology.
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Andre Moreau
•I'm leaving the amendment on record for now. My attorney said it's harmless since it references a non-existent financing statement, and filing a termination might just add more confusion to the record.
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Paolo Conti
•Smart approach. Sometimes the best solution is just moving forward with the correct filing rather than trying to clean up every administrative artifact.
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Amina Sow
For anyone else who might make a similar mistake: most electronic filing systems now have confirmation screens that show exactly what type of filing you're submitting before you hit final submit. Always read that confirmation screen carefully. I know it seems obvious but when you're rushing through filings it's easy to miss.
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GalaxyGazer
•This is so true. I've seen people blow past those confirmation screens and file amendments when they meant to file initial statements, or terminations when they meant to file continuations. Slow down and read the screen.
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Oliver Wagner
•I always print or screenshot the confirmation screen for my files. Helps with compliance documentation and gives you proof of what you intended to file if there are ever questions later.
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