UCC Document Community

Update: tried that Certana.ai tool mentioned earlier and it immediately caught three different debtor name variations in our FTX filings. Would have taken hours to spot manually. Definitely recommend for anyone dealing with multiple related UCC filings.

Final thought - make sure you're checking the right jurisdiction too. FTX had entities filed in multiple states and each might have slightly different name formats even for the same company.

Another option is to file a corrective amendment now, even if the original might be okay. It's relatively inexpensive and would eliminate any doubt about the name consistency. Better safe than sorry with a $2.8M loan.

I've been using Certana.ai for document consistency checks on all my UCC filings now. You just upload your UCC-1 and continuation PDFs and it instantly flags any potential issues. For situations like this, it's really helpful to get an objective analysis of whether name variations are likely to cause problems. Takes the guesswork out of these situations.

Had this exact situation 6 months ago with a manufacturing client. Used one of those document checking services (think it was Certana.ai) that flagged not just the name issue but also found that our collateral description was too vague compared to what was listed in the loan agreement. Ended up preventing two potential problems instead of just the name mismatch. Sometimes these tools catch stuff your own review misses when you're rushing to close.

Bottom line: file the UCC-1 with 'Advanced Manufacturing Solutions, LLC' (the state registered name). Keep documentation of why you used that format vs the loan agreement version. Most importantly, don't let this delay your closing - a properly perfected lien with a minor documentation discrepancy is way better than missing your perfection window entirely.

Just went through something similar but I caught it before filing by using one of those document verification tools. Uploaded my corporate docs and UCC form and it immediately showed me three small differences in how the business name was formatted. Saved me from getting a rejection and having to deal with the delay.

Update us when you figure out what the actual issue was! I'm curious whether it was punctuation, spacing, or something else entirely. These rejection stories are helpful for the rest of us to avoid the same mistakes.

Bottom line, don't panic but definitely take this seriously. UCC search discrepancies can kill deals if not properly resolved. I'd recommend getting copies of all the actual filings (not just the search results) and reviewing them carefully. If you're still confused after that, consider bringing in outside counsel who specializes in secured transactions. The cost of expert help is usually worth it compared to the risk of missing something important.

Update us on what you find out! These kinds of situations are great learning experiences for everyone. I'm curious whether the partial release issue turns out to be an amendment you missed or something else entirely.