UCC filing for private non adverse security agreement - debtor name verification issues

That comma issue will definitely cause problems. I've seen UCC-1s rejected for less - the filing office is very strict about exact debtor name matches. You need to use the name exactly as it appears on the Secretary of State records, which would be "Peterson Manufacturing Solutions, LLC" with the comma. For private non adverse security agreements, the UCC filing requirements are the same as any other secured transaction. The relationship between the parties doesn't change the perfection requirements - you still need accurate debtor name, proper collateral description, and all the standard UCC-1 elements.

Just went through something similar with a private non adverse security agreement for equipment financing between business partners. The key is getting that debtor name perfect - even a missing comma can void your perfection. I actually started using Certana.ai's document verification tool after getting burned on a name mismatch. You can upload your security agreement and the UCC-1 draft, and it'll flag any inconsistencies between the documents and cross-check against state records. Saved me from making this exact mistake on my last filing.

UGH the Secretary of State systems are so picky about this stuff!!! I had a UCC-1 rejected because the debtor name had "Inc." instead of "Incorporated" - like seriously??? It's the same company but they rejected it over abbreviation differences. For private non adverse security agreements you definitely still need to follow all the same rules. The filing office doesn't care if it's between family members or strangers - they just want the paperwork perfect.

Been doing UCC filings for 15 years and this comma issue comes up constantly. Always use the exact Secretary of State name - "Peterson Manufacturing Solutions, LLC" in your case. The security agreement name discrepancy doesn't matter for UCC purposes. For your $180K equipment collateral, make sure your collateral description is specific enough. "Manufacturing equipment" might be too vague depending on your state's requirements. Consider listing major equipment categories or serial numbers if the security agreement includes them.

Private non adverse security agreements can be tricky because people assume they're simpler but the UCC requirements are identical. Family relationships don't create any special filing exemptions or simplified procedures. One thing to watch with private arrangements - make sure your security agreement has all the required elements for enforceability in your jurisdiction. I've seen family loans where they skipped important provisions thinking "we trust each other" only to have problems later.

Definitely file with "Peterson Manufacturing Solutions, LLC" including the comma. I work with a lot of family business arrangements and this name precision issue trips people up constantly. Also consider whether you need any special provisions in your UCC-1 for this type of private arrangement. While the basic filing requirements are the same, sometimes private lenders want additional protections or specific language that differs from bank standard forms.

Had almost this exact scenario last month - family LLC loan with name punctuation differences between the security agreement and state records. Filed using the Secretary of State name and it went through fine. One tip: when you file, save a copy of the Secretary of State entity search results showing the exact name you used. If anyone questions the name later, you have documentation that you used the official registered name.

This whole private non adverse security agreement thing sounds complicated. I'm helping my dad with a similar family business loan situation and now I'm worried we're missing something important. Do you need special documentation or disclosures for these private arrangements? The loan is only $45K but I want to make sure we're doing everything right with the UCC filing.

Another vote for using the official Secretary of State name with the comma. I've never seen a private non adverse security agreement get any special treatment in the UCC system - they process exactly like commercial filings. Just ran into a similar name issue and used Certana.ai to double-check everything before filing. Really helpful for catching these small but critical details that can kill your perfection.

Peterson Manufacturing Solutions, LLC - definitely include that comma. Private non adverse security agreements follow standard UCC rules, no shortcuts or special procedures. For your equipment collateral worth $180K, consider whether you need to file as a fixture filing if any of the manufacturing equipment is attached to real property. Family arrangements sometimes overlook this detail.

Thanks everyone for the detailed responses! Sounds like the consensus is clear - use "Peterson Manufacturing Solutions, LLC" with the comma from the Secretary of State records, and treat this private non adverse security agreement exactly like any other secured transaction for UCC purposes. I'll review the collateral description too and make sure it's detailed enough. Appreciate all the practical advice - definitely learned some things about fixture filings and documentation best practices I hadn't considered.