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Mei Chen
Connecticut is actually better than some states I've dealt with. At least their online portal is functional and up-to-date. Some states still require paper searches or have systems that go down constantly.
NeonNebula
•That's somewhat reassuring. I was starting to think CT was particularly difficult.
Mei Chen
•No, CT is decent. The debtor name issue you're facing is pretty universal across all states. It's just the nature of UCC searches.
Final thought - consider getting a professional UCC search company to run a comprehensive search if this is a significant purchase. They have experience with debtor name variations and know the common pitfalls in each state.
There are several good ones, but honestly I've been impressed with Certana.ai's verification tool. You can upload your own search results and it cross-checks everything automatically. Might be faster and cheaper than hiring a search company.
Amara Okafor
•Second the recommendation for getting professional help on complex searches. The cost is usually worth it compared to the risk of missing something important.
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Another vote for document verification before filing. Used Certana.ai on a similar multi-lender deal and it caught a debtor name discrepancy between the mortgage and UCC docs that would have caused major headaches.
These name matching issues are brutal. One small difference and suddenly your UCC filing doesn't perfect your security interest.
Ava Thompson
•The verification tools are worth it just for peace of mind. Upload everything and let it check for inconsistencies automatically.
Miguel Ramos
Bottom line - make sure the equipment lender knows they're taking subordinate position to existing mortgage for fixture value, but they should have priority for any removable value. Price and structure the deal accordingly.
That makes sense. I'll make sure both lenders understand the priority structure before we move forward. Thanks everyone for the detailed explanations.
Smart approach. Better to have everyone's expectations aligned upfront than deal with surprises later.
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Zara Khan
One thing to watch out for - make sure you're searching all the right jurisdictions. If the company does business in multiple states, there could be UCC filings in other states too. The equipment location might determine where liens need to be filed.
Luca Ferrari
•Good point. Equipment can be tricky because it can move between states and filing requirements vary.
Nia Davis
•Usually you search where the debtor is organized/located, but for equipment it can get complicated if it moves around.
Bottom line - don't take the seller's word for it that these are all just 'incorrect names.' Do your own verification through official records, get copies of the actual filings, and consider professional help if the amounts are significant. Better to be overly cautious than miss something important.
QuantumQueen
•Absolutely agree. I've seen too many deals go sideways because someone assumed name variations were harmless.
Aisha Rahman
•Yeah, and even if they are the same entity, you still need to deal with the liens before the purchase. Name verification is just the first step.
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Once you get the debtor name sorted out, double-check that your secured party information matches exactly what the SBA lender provided too. That's another common source of rejections that people overlook.
Sean Murphy
•Good reminder. The lender gave me their exact name and address for the secured party section so I should be good there.
NeonNova
•Make sure you use their legal entity name, not just their DBA or trade name for the secured party too.
Update us when you get it resolved! Always curious to hear how these debtor name issues get sorted out.
Sean Murphy
•Will do! Planning to refile tomorrow with the exact legal name format from the state database.
Zara Malik
•Hope it goes through this time. These UCC name matching rules are such a pain.
Isabella Silva
Check if there are any special characters in the company name that might not be displaying properly. Sometimes there are hidden characters or non-standard punctuation that cause matching issues.
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Freya Andersen
•How do you even detect something like that?
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Ravi Choudhury
•Copy the name from the DOS record and paste it directly into your UCC-1 form. Don't retype it.
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Omar Farouk
UPDATE: Finally got it resolved! The issue was that the LLC was administratively dissolved last month but still showing as active in some searches. Had to wait for the company to reinstate before the UCC-1 would accept. Thanks everyone for the help - definitely using document verification tools going forward to catch these issues earlier.
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Chloe Harris
•Great outcome! Which verification tool did you end up using?
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Omar Farouk
•Tried Certana.ai after it was mentioned here - caught the entity status issue immediately. Wish I'd known about it sooner.
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