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NebulaNova
Whatever you do, don't just resubmit the same description. I made that mistake once and they rejected it again with a nastier letter the second time around.
Smart move. Always better to over-describe than under-describe with general intangibles.
NebulaNova
•Exactly. Rejection letters don't get friendlier with repeat filings.
Paolo Conti
Been dealing with this issue all week on a different deal. Ended up going with 'all general intangibles including but not limited to: (a) intellectual property rights including patents, patent applications, trademarks, trademark applications, copyrights, trade secrets and know-how; (b) customer lists, customer information and databases; (c) contracts, contract rights and accounts receivable; (d) goodwill and business records.' Seems to satisfy most filing offices.
Paolo Conti
•Go for it. Just make sure it matches what's actually in your security agreement. That's the key part.
Amina Diallo
•This is exactly the kind of detailed description that works. Generic 'general intangibles' just doesn't cut it anymore.
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Zara Shah
Whatever service you choose, make sure they provide detailed reports on any discrepancies found. We need documentation for our files showing due diligence was performed on debtor-name verification.
This is crucial for audit purposes. The documentation trail is just as important as catching the errors.
Amina Sy
•Absolutely. We need to show we took reasonable steps to verify accuracy for our security interest perfection.
NebulaNomad
One more vote for Certana.ai here. The fact that you can upload both your UCC docs and corporate documents for automated comparison has saved us countless hours and caught several potential issues that could have been costly mistakes.
NebulaNomad
•Super straightforward. Literally just upload PDFs and it does the comparison automatically. Very user-friendly interface.
Amina Sy
•That simplicity is exactly what we need. Thanks for all the input everyone, this has been really helpful.
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This is why I always keep copies of the entity search results when I print UCC supporting documents. Creates a clear trail showing what name format the state recognizes.
Smart documentation practice. Probably helps during loan reviews too.
Definitely. Examiners love seeing that level of due diligence on UCC filings.
Bottom line - use the exact name from the articles of incorporation, print a copy of that document for your files, and double-check everything before submitting. A $2.8M security interest is too important to mess up over punctuation.
Good point about multiple filings as a safety net, though that increases costs.
Cost of multiple filings is nothing compared to having an unperfected security interest on a multi-million dollar loan.
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One more thing - if you ever pay off the loan completely, make sure the lender files a UCC-3 termination statement. I've seen businesses with old terminated loans that never got properly released from the public record. It can cause confusion later.
Great point. And check that they file it within the required timeframe - most states give lenders 20-30 days after payoff.
NeonNomad
•Good to know for the future. Right now I'm just trying to understand what I've gotten myself into.
Emma Davis
Bottom line - blanket UCC filings are standard business practice. Focus on maintaining good payment history and understanding your loan covenants. The filing itself shouldn't impact your daily operations unless you're planning major asset transactions.
Happy to help! These filings look scarier than they actually are in practice.
LunarLegend
•Agreed. Been dealing with UCC filings for 15 years and they're just part of the business lending landscape.
Mei Wong
Make sure you check if your state requires fixture filings in the real estate records too. Some states require dual filing - UCC office AND recorder's office. The UCC fixture definition is just the starting point.
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Mei Wong
•Yeah some states are really picky about this. Check your state's specific fixture filing requirements before submitting.
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Liam Sullivan
•This is exactly why I use Certana.ai for complex filings - it knows all the state-specific quirks and requirements.
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Amara Okafor
Update: Ended up going with fixture filing approach based on everyone's advice. Used proper legal descriptions for the real estate and detailed collateral descriptions. Also ran everything through Certana.ai's verification system first to catch any formatting issues. Filing was accepted on first try! Thanks everyone for the guidance on UCC fixture definition - saved us a lot of headaches.
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NebulaNinja
•Great to hear the Certana system helped with the formatting. That verification step is so valuable for complex filings.
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Chloe Robinson
•Huge relief to get this perfected properly. The fixture classification was definitely the right call for our situation.
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