UCC Document Community

Make sure to check if any of the storage facilities have blanket liens or other creditor interests in stored goods. Some storage companies have policies about defaulted rent creating possessory liens that could complicate your security interest.

Based on your description, I'd strongly recommend filing UCC-3 amendments to add the storage facility addresses. While "all inventory now owned or hereafter acquired" is broad language, the fact that your original filing specified the primary business address creates ambiguity about whether the storage locations are covered. For $75k worth of collateral, the amendment filing costs are minimal compared to the risk of an unperfected security interest. Also consider adding language to your loan documents requiring borrower notification before moving inventory to new locations - this will help you stay ahead of these issues in the future.

For what it's worth, I've started building a small buffer into our filing budgets for potential rejections and refiling fees. It's annoying to have to do this, but better than explaining cost overruns to clients after the fact.

This whole Tennessee fee situation is such a headache! We're dealing with the same cost shock on our equipment financing deals. One thing that's helped us is batching filings when possible - at least we can spread the administrative time across multiple UCC-1s even if the per-filing cost is higher. Also learned the hard way to always run entity searches right before filing since Tennessee seems to be rejecting more filings for minor discrepancies. Has anyone tried reaching out to their state representatives about these increases? Wondering if there's any pushback from the business community on these fee hikes.

Update us when you get it resolved! I'm dealing with a similar EIDL termination issue and want to see what approach works.

This exact same thing happened to us! The original EIDL UCC-1 had our company name without the comma, but our current legal docs show it with the comma. What worked for us was pulling the actual original UCC-1 filing from the Secretary of State website and copying the debtor name character-for-character onto the UCC-3 termination form. Don't try to "fix" the name - just match exactly what's on the original filing. It's counterintuitive but that's how the system works. Also, if you're in a rush, definitely pay for expedited processing if your state offers it. We got ours processed same-day for an extra $35 fee. Good luck!

Update: Called Oklahoma SOS this morning and they confirmed the comma difference would cause rejection. Filing the amendment today and will do the continuation once it's processed. Thanks everyone for the guidance - this forum saved me from a major headache!

Great to hear you got clarity from Oklahoma SOS! That's exactly why I always recommend calling the filing office when there's any doubt about their requirements. A quick phone call can save weeks of back-and-forth with rejections. Make sure to keep notes on what they told you in case you need to reference it later. Good luck with the amendment filing!

Bottom line - don't overcomplicate your UCC-1 filing by bringing in concepts from the underlying purchase transaction. The security interest exists independently of how you acquired the collateral. Focus on clear collateral identification and proper debtor naming. That's what matters for perfection.

This thread perfectly illustrates why so many people get tripped up on international equipment deals! I've been doing UCC filings for 15 years and still see experienced attorneys mixing these up. The key insight that helped me early on was realizing that incoterms are about the SALE relationship (buyer-seller), while UCC is about the CREDIT relationship (borrower-lender). They're completely separate legal frameworks that just happen to involve the same physical assets. For your $180K equipment, stick to standard UCC collateral description practices - be specific about the machinery type, include serial numbers if available, and don't reference how you acquired it. The FOB Hamburg terms served their purpose during the international sale but have zero relevance to your security interest perfection.