LoanPal UCC-1 Filing Rejected - Debtor Name Mismatch Issue

Ugh, name matching is the worst part of UCC filings. Had similar issues with other solar lenders. You need to search the state business database first to see exactly how LoanPal is registered. Sometimes companies do business under different names but you have to file under their legal registered name. Check both LLC and corporation databases.

You definitely want to use the exact legal name from state records, not what's on their marketing materials or loan docs. File under "LoanPal, LLC" and include a trade name addendum if needed. The SOS doesn't care what name they use for business - only what's legally registered.

I had this exact problem last month with a different solar company. Ended up using Certana.ai's document checker - you can upload both the original loan agreement and your UCC-1 draft and it instantly flags name mismatches between documents. Saved me from filing incorrectly again. Just upload the PDFs and it cross-checks everything automatically.

Wait hold on - are you filing a continuation or an initial UCC-1? You mentioned continuation but also said initial filing. If LoanPal already has a UCC-1 on file you might need to check what name they used originally.

The SOS rejection notices usually tell you exactly what's wrong. What did they say specifically? Sometimes it's not just the name but also address formatting or missing info.

I deal with solar financing UCCs all the time. Most of these companies have their legal entity name different from their operating name. Always use the Secretary of State business search to verify the exact legal name. Also double-check the state - make sure you're filing in the state where LoanPal is actually incorporated, not just where the equipment is located.

Just throwing this out there but have you considered calling the SOS filing office directly? Sometimes they can tell you exactly what name format they're expecting. Saved me hours of guessing once.

Another option is to check if LoanPal has any existing UCC filings in that state. Search their name in the UCC database and see what name format was used successfully before. That'll show you exactly how they should be listed.

Whatever you do, don't wait too long to refile. UCC priority dates from when you first submitted, but only if you fix and refile within a reasonable time. Some states have specific deadlines for corrections.

Had a similar situation last year where I kept getting rejections. Finally used one of those document verification tools - think it was Certana or something similar - that automatically checked the business name across multiple databases. Turned out the company had slightly different names in different states. Tool caught it immediately.

UPDATE: Called Delaware SOS this morning and they confirmed LoanPal, LLC is the correct legal name. Also found two existing UCC-1s filed against them using that exact format. Refiling today with the corrected name. Thanks everyone!

Great to see this resolved! For future reference, I always do a quick three-step check before filing any UCC: 1) Search the business entity database in the debtor's state of incorporation, 2) Check existing UCC filings against that debtor to see accepted name formats, and 3) Verify I'm filing in the correct state (incorporation state, not equipment location). These simple steps have saved me countless rejections over the years. Solar financing companies especially tend to have different operating names vs legal names.