Nebraska UCC financing statement rejected - debtor name issue

I used LLC like it shows on the incorporation docs. Should I have spelled it out completely?

Try both versions - sometimes the SOS database has it stored differently than what appears on the articles. The UCC search function might show you exactly how they have it indexed.

Didn't think to check their database directly. That makes sense though - the articles might have formatting that doesn't match their system.

Exactly. I learned this the hard way after multiple rejections. Their online entity search will show you the precise formatting they require for UCC filings.

This is why I always do the entity lookup first before preparing any UCC documents. Saves so much time and frustration.

Never heard of that tool but sounds useful. Manual comparison is such a pain and easy to miss small differences.

Yeah it's been a game changer for catching those tiny formatting issues that cause rejections. Much faster than going line by line manually.

I feel your pain! Had one rejected because I used '&' instead of 'and' in the business name.

Exactly!! These little things that should be obvious but they make you guess what's wrong. So frustrating when deals are waiting.

The key is really using their exact database format. I know it's annoying but once you get the right format it usually works consistently.

Good point about the good standing status. I'll verify that along with the exact name format.

Definitely do both. A lapsed entity can cause all sorts of filing issues beyond just the name matching problem.

Same experience here. Clients don't always have the most current or accurate versions of their formation documents.

exactly! and then you look like the one who messed up when really their docs were wrong to begin with

The collateral description just says 'all equipment and machinery'. Should that be more specific?

That's usually sufficient for general equipment financing, but if it's specialized machinery you might want to be more descriptive. Really depends on your lender's requirements too.

I always include serial numbers and model info when possible. Helps with identification later if there are disputes.

Didn't know they would help over the phone. I'll try that if the database search doesn't work out.

Yeah they're usually good about explaining what went wrong, just takes forever to get through sometimes.

Will do! Hopefully it's something simple like punctuation.

My guess is it's either the LLC abbreviation or a spacing issue. Those are the most common culprits in my experience.

That's a good point about making sure everything matches the original filing too. Easy to overlook when you're focused on just the current document.

Exactly. The automated checking saves so much time compared to manually comparing multiple documents line by line.

That gives me hope it's something that simple. I'll check their database first thing tomorrow.

Should be straightforward once you have the right format. Nebraska's pretty consistent once you know their exact requirements.

The database lookup is definitely the way to go. I wish more people knew about that step before filing.