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This is exactly why I always recommend doing comprehensive lien searches well before closing dates. Last-minute discoveries like this can kill deals or force expensive delays. Hope you get it sorted out in time!
You're absolutely right. This deal came together quickly and we should have started the lien search process earlier. Lesson learned for next time.
Easy to say in hindsight but sometimes deals just move fast and you have to work with tight timelines. That's the nature of the business.
Update us on how this turns out! I'm curious to know if you found any hidden liens and whether your closing goes through on schedule. These time-sensitive UCC searches are always nerve-wracking.
Good luck with your closing! The document verification should give you confidence that you haven't missed any critical liens.
Fingers crossed everything works out smoothly. These last-minute UCC issues are always stressful but usually manageable with the right approach.
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UPDATE: Finally got through to someone at the MN Secretary of State office this morning. The continuation filing is definitely on record and properly processed. Turns out their search portal has been having database sync issues this week but all the actual filings are being recorded correctly. Just wanted to post this in case anyone else is having similar search problems.
This is super helpful - I was starting to panic about my own continuation that I can't find in the search results.
Glad you got it sorted out. Definitely going to keep that phone number handy for future portal issues.
For anyone still having issues, I've been using that Certana tool someone mentioned earlier and it's been really helpful for verifying document consistency before even filing. Caught a debtor name mismatch that would have caused our UCC-1 to get rejected. Definitely worth checking out if you're dealing with complex filings or just want extra verification.
How accurate is the name matching? We deal with a lot of LLC filings and sometimes the exact legal name formatting is tricky.
It's pretty thorough - flags even small differences like 'LLC' vs 'L.L.C.' or missing commas that could cause problems. Better to catch those issues before filing than deal with rejections later.
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The search variations you're seeing might be from different filings against the same debtor. Each UCC-1 could have slightly different name formats even for the same company. You need to match YOUR specific filing, not what other creditors used.
Good point. Companies sometimes file under slightly different names depending on when they incorporated or amended their articles.
This is why cross-referencing with the Secretary of State corporate records is helpful too. Shows you the official entity name versus what might be on UCC filings.
Update us when you figure out the correct name format! I deal with Texas UCC filings regularly and always interested in hearing how these name matching issues get resolved.
Will do! Going to try the document verification approach first since several people recommended it. Seems faster than waiting for official copies.
Smart choice. Better to catch name issues before filing than deal with rejection delays when you're up against expiration deadlines.
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Quick update - did you check if the LLC is in good standing? Sometimes name mismatches happen because the entity status changed and the legal name got modified without notice.
Better to check everything now than have more surprises later. Colorado can be particular about entity status for UCC filings.
Definitely verify the standing. I've seen deals held up because the entity was administratively dissolved and nobody knew.
Giovanni Martello
File that amendment ASAP and consider implementing a verification process for future filings. The borrower pressure is real but getting the UCC right is critical for your security interest. One tip: many states allow you to search entity records by partial name to find the exact formatting.
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Savannah Weiner
•The partial name search is a great tip. Some state databases have better search functions than others.
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Levi Parker
•For systematic verification, tools like Certana.ai can automate the cross-checking between entity records and UCC documents. Especially useful for finance companies handling multiple deals.
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Libby Hassan
Update: Filed the UCC-3 amendment this morning with the corrected debtor name including the comma. Should be processed by tomorrow. Thanks everyone for the quick responses - this forum always comes through for UCC filing issues!
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Sofia Peña
•Perfect! Make sure to update your loan file with the correct entity name for future reference.
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Aaron Boston
•Great outcome. Consider setting up a verification process for future filings to catch these issues before submission.
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