UCC filing complications with debtor names - cross-referencing issues

This is exactly right. Secretary of State will reject if there's even a comma out of place sometimes.

Had this happen on a $1.8M deal last month - got rejected because we used 'LLC' instead of 'L.L.C.' even though both appeared in different corporate docs.

It's for a multi-state transaction but the main collateral location determines where we file the UCC-1.

Multi-state makes it even trickier since each SOS has slightly different name matching requirements.

That sounds incredibly useful. Does it handle complex entity structures?

Yeah it works with all entity types. The PDF upload feature makes it super easy - no manual data entry required.

Interesting - never heard of automated document checking for UCC stuff before.

100% this. Also make sure the entity is still active and in good standing while you're at it.

Good point about checking entity status. Would hate to file against a dissolved corporation.

Hidden characters are the worst! Sometimes copying and pasting from PDFs adds invisible formatting.

This is why I always type everything manually now instead of copy/paste.

Manual typing takes forever though, especially with long corporate names.

Planning to do one comprehensive filing. The fixtures are pretty standard office buildout stuff, nothing that should require special real estate filings.

Just make sure your collateral description isn't too broad or too narrow. 'Equipment' alone might not be sufficient depending on what you're actually securing.

Exactly my concern. The stakes are too high for guesswork.

I've seen lenders lose their security position over debtor name errors. Not worth the risk.

What's the worst that happens if you get it wrong? Can you amend it later?

Priority date could be at risk if you have to start over with a new UCC-1.

Exactly - and if another creditor files in between, you could lose priority.

It really does save time. You upload the docs and it highlights any discrepancies automatically.

I'm definitely looking into this. Manual verification is eating up too much time on every deal.

Good catch - I'll verify they don't have any trade names that could affect the filing.

DBAs usually don't matter for UCC filings as long as you're using the legal entity name, but worth double-checking.

Some states are stricter about this than others.

Will do. Planning to get this resolved this week before our closing deadline.

Good luck with the filing! $2.3M deals always make me nervous until everything's properly recorded.