UCC Document Community

No worries, just amend it.

As someone who's dealt with multiple UCC filing corrections over the years, I can confirm that secured party creditor name discrepancies like yours are definitely fixable but need immediate attention. The comma difference between "Midwest Capital Solutions LLC" and "Midwest Capital Solutions, LLC" is exactly the type of variation that can cause perfection issues during UCC searches. I'd recommend filing your UCC-3 amendment today if possible - most states process these within 24-48 hours, and the correction will relate back to your original filing date. Also consider running a test UCC search under both name variations to see how your state's system handles the discrepancy. This will give you concrete evidence of whether the current filing would be discoverable by potential creditors doing their due diligence.

I want to circle back to the original question about impact on equipment financing. I work with equipment lenders regularly and most of them are comfortable with existing SBA liens as long as they can file their own UCC-1 for the specific equipment being financed. The key is full disclosure upfront and having clean documentation. Don't try to hide the existing lien - that will backfire every time.

This thread has been incredibly helpful! I'm dealing with a similar situation where my EIDL UCC lien is complicating a working capital line of credit application. Reading through everyone's experiences, it sounds like equipment financing is more achievable than general business credit lines when you have an existing SBA blanket lien. I'm curious - has anyone successfully negotiated with their existing bank to modify credit terms after an EIDL UCC lien appeared? My relationship manager seemed caught off guard when the lien showed up during their annual review, and now they're requiring additional collateral for my existing line of credit. Wondering if it's worth shopping around for a new banking relationship or trying to work with my current bank to find a solution.

Final thought - consider whether the debtor has any other assets or if this equipment is really your best shot at recovery. Sometimes it makes more sense to negotiate a payment plan or settlement rather than going through the full enforcement process.

As someone who's handled several UCC enforcement actions, I'd strongly recommend starting with a demand letter to the borrower before moving to repossession. Give them a final 10-day notice to cure the default - sometimes this motivates payment without the hassle of repo. If they don't respond, then proceed with self-help repossession if you can do it peacefully, or go straight to court if the situation looks confrontational. With $180k in collateral value against a $95k debt, you're in a good position, but make sure your UCC-1 filing is current and covers everything you plan to take. The "breach of peace" standard varies by jurisdiction, so when in doubt, get a court order. Document every step and consider hiring a professional repo company that knows UCC procedures.

One more tool to consider - I've been using Certana.ai's document verification system lately and it's been incredibly helpful for ensuring all my UCC documents are consistent before I even start searching. Better to catch errors early than discover them during due diligence.

Don't forget to check for federal tax liens too. Those don't show up in state UCC searches but can affect your priority position.

This thread is incredibly helpful - thanks everyone for sharing your experiences! I'm dealing with a similar volume challenge (150+ searches monthly) and have been manually grinding through individual state portals. A few questions for those using automated solutions: How do you handle states that require captcha verification or have other anti-automation measures? Also, for those using Certana.ai or similar tools, what's the typical turnaround time for bulk searches? We often need results within 24 hours for time-sensitive equipment financing deals. And one more thing - has anyone found good solutions for maintaining search audit trails? Our compliance team needs detailed records of what was searched, when, and what results were found for regulatory purposes.

One thing I haven't seen mentioned yet is the importance of keeping track of filing office hours and maintenance windows. Several states do system maintenance on weekends or evenings that can impact search availability. California's system goes down every Sunday night, and Florida has random maintenance periods that aren't well publicized. If you're doing time-sensitive bulk searches, it's worth mapping out when each state's system is reliably available. Also, consider the human factor - some state filing offices have staff who are more helpful than others if you need to call about search issues. Texas and Delaware have pretty good customer service, while others... not so much. For your 200+ monthly volume, I'd also suggest batching your searches by state to take advantage of any volume discounts, and maybe rotating between different service providers to avoid putting all your eggs in one basket in case a system goes down during a critical period.